Mercedes-Benz India announced Tuesday the price hike of 1-3% for its vehicle range in India. The hike will be effective from Jan. 14, 2013.

Eberhard Kern, managing director & CEO, Mercedes-Benz India commented, ''Rising inputs cost, volatility of the rupee-euro, high interest rates and other associated factors have put significant pressure on us. Consequently, we are forced to share a part of this burden with our customers and we will increase prices of our vehicles to the tune of 1-3% effective January 14, 2013. However, to support the purchase decisions of our discerning customers, Mercedes-Benz Financial Services will be supporting with various finance options.''

The price of the B-Class will be increased by 1%, for the C-Class and E-Class sedans it will be 1.5% and for the S-Class sedan, the rise in price will be 3%.

The M-Class SUV will be dearer by 3% and the prices of the CBU range of vehicles comprising the CLS-Class, SLK-Class, R-Class and the SLS AMG will also be increased by 1%.