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Merc to hike prices from April

New Delhi, March 14: Premium car maker Mercedes-Benz India will hike prices of its entire range that will translate into an increase of up to Rs 58 lakh on imported vehicles from April.

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. The company sells a range of models starting from the B-Class to SLS AMG with prices ranging between Rs 21.5 lakh and Rs 2.9 crore.

While the company did not share the break up of the price hikes, sources said the highest hike could be on the imported luxury sports car SLS AMG, by about Rs 58 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.

“There are several factors that have put significant pressure on our bottomlines. Rising input costs and volatile exchange rates have impacted us, while the recent changes in import duty structure and increase in relevant taxes have put significant stress on our business,” Eberhard Kern, Mercedes-Benz India managing director and CEO, said.

 
 
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