Mercedes-Benz India mulls price hike by 1-1.5% in September

Mercedes-Benz India plans to hike prices by 1-1.5% from September to mitigate the impact of a weak rupee against the euro, according to its MD and CEO Santosh Iyer.

- Press Trust of India

The luxury car market leader has already hiked vehicle prices twice this year, first in January and then in July.

"There is another price hike coming up in September, because of the euro. If you see, the last one month has remained at the 100 mark (INR), and that has not changed. Therefore, we will have to undertake an increase as well in September," Iyer told PTI in an interaction.