German luxury carmaker Mercedes-Benz India on Thursday said it will hike prices of select models by up to two per cent from January 1, 2022, to offset feature enhancement and rising input costs.
At the same time, Audi announced a price increase of up to 3 per cent across its entire model range, effective from January 1 next year.
Mercedes, however, said it is committed to price protection to customers who have booked their cars and are waiting for more than four months for select models.
"Mercedes-Benz has been introducing new generation models and enriching its existing model range with newer technologies and specific product enhancements," the company said in a statement.
However, it said, "to offset the costs for such feature enhancements amidst rising input costs, Mercedes-Benz will upwardly revise the ex-showroom price of only select models".
The price revision ranging up to 2 per cent will be in effect from January 1, 2022.
The price protection is applicable for select models such as A-Class, GLA, and E-Class until December 31, 2021.
The company further said it has also extended the price protection to those customers who have booked the GLE 400 and GLE 400d SUVs, and have been waiting since April to get the delivery.
Audi currently sells models like A4, A6, A8 L, Q2, Q5, Q8, S5 Sportback, RS 5 Sportback, RS 7, RS Q8, e-tron 50, e-tron 55, e-tron Sportback 55, e-tron GT and RS e-tron GT in the country.
"The Audi India strategy focuses on a sustainable business model. To offset rising input and operational costs, a price correction is necessary.
"The new price range of our select vehicles will ensure the brand's premium price positioning thereby, assuring sustainable growth both for the brand and our dealer partners," Audi India head Balbir Singh Dhillon said in a statement.
Continuing focus on customer centricity, the company has ensured that the impact is as minimal as possible, he added.
Audi India has launched nine new products in 2021, including five all-electric cars.