As all major automakers in the country will be hiking the car prices effectively from January 2017 onwards. Popular luxury automaker in the country, Mercedes-Benz has announced its plans to hike the ex-showroom prices across models by 2 per cent from January 1, 2017. The company cites rising input cost, upward moving Forex rate and inflation as a reason behind the price hike. However, due to negative customer sentiment, the company has decided to pass on lesser burden on the customer.
Speaking about it, Roland Folger, Managing Director and CEO, Mercedes-Benz India said, “the innovative and tailor-made financial offerings from Mercedes-Benz like STAR Agility, STAR Finance, STAR Lease, Corporate STAR Lease etc. are specially designed for our discerning customers to drive home their dream Mercedes. These unique solutions provide benchmark value proposition, enabling a hassle free purchase. Similarly, our service programmes like STAR Ease, STAR Care, STAR Care Plus and On Road Assistance programmes further elevate the customer’s overall ownership experience.”
In efforts to lure potential buyers, the finance scheme claims to offer financial services at about 35 percent – 40 per cent lower EMI and is approved in just about 30 minutes. Under the STAR CARE programme, warrantable repairs up to 3 years are free of cost without any mileage limitations and is offered as standard with every purchase. Moreover, the company claims that the exclusive service package for the New Generation Cars offers cost of ownership which is as low as Rs 1.99 per kilometer.