luxury car maker Mercedes-Benz India will hike prices of its entire range that will translate into an increase of up to Rs58 lakh on imported vehicles from April 1.
The hike in price ranges from 1-4 per cent for locally produced models, and up to 20 per cent for select CBUs (completely built units), the company said in a statement.
The company sells a rage of models starting from the B-Class to SlS AMG with price ranging betweenRs21.5 lakh and Rs2.9 crore.
While the company did not share the break up of the price hikes, sources said the highest price hike could be on the imported luxury sports car SlS AMG, by about Rs58 lakh.
At present, the company assembles its C Class, E Class and S Class sedans along with SUV M Class at its Chakan plant near Pune.Mercedes-Benz India Managing Director & CEO Eberhard Kern said: “There are several factors that have put significant pressure on our bottomlines.