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…