Mercedes-Benz India on Wednesday said that it will hike prices of its vehicles by up to Rs 5 lakh from March 15 in order to offset the impact of infrastructure cess and luxury tax proposed in the Unio
Mercedes-Benz India on Wednesday said that it will hike prices of its vehicles by up to Rs 5 lakh from March 15 in order to offset the impact of infrastructure cess and luxury tax proposed in the Union Budget 2016-17.
The price increase would be between three per cent and five per cent depending on the model, leading to a price hike between Rs 1 lakh and Rs 5 lakh. In India, the carmaker sells models ranging from A Class to Maybach, priced between Rs 28 lakh and Rs 1.67 crore (ex-showroom price).
Elaborating on the need to go in for price hike, the company said: “The imposition of an infrastructural cess as well as an additional luxury tax announced in the Union Budget 2016, has negatively impacted the prices of the Mercedes-Benz model range.”
