Mercedes C-class, E-class and GLC prices to be hiked by up to Rs 1.5 lakh

The Mercedes Benz C-class, E-class and GLC are set to receive a price hike with effect from October 1, 2020. In an official statement, the carmaker said that the hike in pricing for select models in its line-up was due to factors such as increasing input costs and weakening currency.

• Mercedes C-class, E-class and GLC prices to be hiked by up to 2 percent
• Price hike to come into effect from October 2020

Commenting on the upcoming hike in pricing Martin Schwenk, Managing Director & CEO, Mercedes-Benz India said, “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, we have few options but to make some nominal yet necessary price adjustments. We will be absorbing most of the impact, however passing on a portion of it up to 2%, seems inevitable.”

By how much are prices being hiked?

Mercedes in its announcement revealed that it plans to hike prices for the above mentioned models by up to 2 percent or in the region of Rs 80,000 to Rs 1.5 lakh depending on the variant and model.

As it currently stands, the C-class sedan is priced from Rs 40.90 lakh, for the base C 200 Prime and goes up to Rs 51.25 lakh for the C 300d AMG Line. Moving to the GLC, the SUV is priced at Rs 52.75 for the GLC 200 petrol and a pricier Rs 57.75 lakh for the 220d diesel. The E-class is the priciest of the trio with prices starting at Rs 59.08 lakh and running up to Rs 75.05 lakh for the E 350d.

What new models are coming from Mercedes?

 Speaking of upcoming models, Mercedes is set to launch the second-gen GLE Coupe in India on September 23. Also on the cards for India is the carmaker’s first all-electric vehicle, the EQC along with the second-gen GLA and the new Mercedes A-class limousine.

Come 2021, the carmaker is set to launch the recently revealed all-new S-class and the E-class facelift.

All prices, ex-showroom, India

Also

Mercedes-Benz India strengthens market share in weak luxury car market

from Autocar India - News https://ift.tt/3htLLiM