"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," it said.
The upward revision of the price across the entire model range will be effective from September 1, 2018, and would be up to 4 per cent depending on the model, the company said.
Commenting on the step, Mercedes-Benz India Managing Director and CEO Roland Folger said, "Considering the rapid depreciation of the rupee against the major currencies in last few days, we were left with fewer options, but to make some necessary price adjustments to our product range at the moment."
A steady rise in input costs against the backdrop of an unfavourable forex
rate and high inflationary cost, together, have had a significant impact in the recent past, he added.
Mercedes-Benz currently sells a range of sedans and SUVs starting from the A-Class to GLS luxury SUV and Maybach S560, priced between Rs 2.786 million and Rs 19.4 million.
Other companies such as Mahindra & Mahindra, Tata Motors and Honda Cars India have also announced price hikes from this month citing rising input cost.
Maruti Suzuki India has also stated that it would increase prices of its vehicles this month.
In April, luxury carmakers such as Audi, JLR and Mercedes-Benz hiked prices in the range of Rs 100 thousand to Rs 1 million to pass on the increase in customs duties.