It seems luxury cars in India are going to create big holes in the pocket of the buyer with the dawn of New Year. After Audi its Mercedes- Benz luxury car unity which said that it has decided to raise the cost of its vehicles by 1%to 3% from Jan. 14.
According to the data released by the company, it has sold more than 7.138 vehicles in 2013.
“Rising inputs cost, volatility of the rupee-euro, high interest rates and other associated factors have put significant pressure on us,” said Eberhard Kern, managing director and chief executive at Mercedes-Benz India.
The cost of Mercedes B-Class hatchback will increase by 1.0%, C-Class and E-Class sedans by 1.5% each and its S-Class sedan by 3.0%.
BMW AG also plans to increase the prices of its vehicles this month.