Mercedes-Benz India plans to hike prices by 1-1.5% in September to offset the impact of a weak rupee against the euro.
This will be the third price increase this year, following hikes in January and July.
The company's MD and CEO, Santosh Iyer, mentioned that the price hike aims to counterbalance the currency fluctuations and is expected to range between 1-1.5%.
Despite the potential price hike, Iyer noted that reduced interest rates are helping to balance the impact on buyers' equated monthly instalments, with around 80% of new car sales being financed.