New Delhi, Dec 11 (IANS) Luxury automobile manufacturer Mercedes-Benz India will hike prices across the broad model range from January 2020.

According to the company, the price increase would be 'up to the quantum of 3 per cent, varying across the broad model range'.

"The upcoming price hike aims at offsetting the increase in various input and commodity costs, from January 2020," the company said in a statement on Wednesday.

On Tuesday, Hyundai Motor India said it would hike prices across models effective from January 2020.

Last week, Maruti Suzuki had said that it would increase vehicle prices from January 2020 on account of increase in input cost.

--IANS rv/prs