Mercedes-Benz India Chief Executive Officer Santosh Iyer on Monday said the luxury carmaker will increase prices across its portfolio in January citing inflation, a softer rupee and higher shipping cost, according to news agency PTI.

Mercedes-Benz has hiked prices three times this year

Auto firms have been grappling with the higher input costs and the passenger vehicle segment has witnessed multiple rate hikes this year, with Mercedes-Benz India increasing its prices thrice so far this year.