Mumbai– Luxury automobile manufacturer Mercedes-Benz India on Thursday announced a price rise by up to 4 per cent across models.

According to the company, the revised prices (ex-showroom) will be applicable from September 1, 2018 due to geo-political dynamics, coupled with a rise in input costs and an unfavourable forex rate.

“While the INR has depreciated by more than 5 per cent against the euro in last 8 months, the repo rate has gone up by 0.5 per cent in last couple of months,” the company said in a statement.

“The combination of all these factors led Mercedes-Benz India to upwardly revise the prices of its entire model range and also the retail finance rates.” (IANS)