Mercedes-Benz India To Hike Prices On Select Models By Up To 2

• Price hike of up to 2% to be placed on select models across Merc's lineup in India.

• The German carmaker is also offering financial schemes to reduce cost of ownership despite the price hike.

• Mercedes-Benz is gearing up for the launch of the all new AMG GLE 53 Coupe in India on September 23.

The ongoing coronavirus pandemic has dealt a huge blow to the automotive industry over the past few months and Mercedes-Benz is no exception. Due to the rising input costs and a weakened currency, the German carmaker has decided on increasing the prices of its lineup in India.

Across its model range, cars will see a price hike of up to two per cent. Yep, the luxurious and expensive three-pointed star adorning luxury vehicles just got costlier. But according to Merc, if you're still interested, it has your back.

Mercedes-Benz Financial Services is offering some attractive solutions under its 'Unlock with Mercedes-Benz' campaign, ensuring that you get an optimised cost of ownership. Models like the C-Class, E-Class, and GLC are accompanied by EMI offers:

• : EMI starting 39,999 | ROI @ 7.99% | New Star in 3 years | Complimentary first

year insurance

• : EMI starting 49,999 | ROI @ 7.99% | New Star in 3 years | Complimentary first

year insurance

• : EMI starting 44,444 | ROI @ 7.99% | New Star in 3 years | Complimentary first year insurance

"The weakening of the currency since the beginning of the year, combined with a sharp increase in the input costs have been a matter of concern, creating significant pressure on our bottom line. To offset these costs and drive a sustainable business, we have few options but to make some nominal yet necessary price adjustments. We as a customer centric brand will be absorbing most of the impact, however passing on a portion of it up to 2%, seems inevitable." said Mr. Martin Schwenk, MD and CEO, Mercedes-Benz India.

In other news, Mercedes-Benz is all set to launch the new in India. It was recently unveiled and bookings have been open since September 8. This will be the first time a GLE Coupe has made it to our shores.

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