Mercedes-Benz is set to take a fresh 1-2% price hike in India to cope with exchange rate volatility and broader war-related cost pressures even as it is pushing a new variant of its top-end S-class model into the market to widen choice for consumers amid slow EV adoption.The company has taken a total of up to 4% price hikes through two rounds since Jan and has moderated its growth expectation for the year.On Monday, it launched its new plug-in hybrid version (PHEV) of its S-Class model in India, also its first such variant for the country, priced between Rs 2.2-2.4 crore (ex-showroom). Deliveries of the cars will start in Q4 (Dec quarter).
