"The rising inflation coupled with rising input costs and increasing forex rates have been exerting significant pressure on the bottom line," Mercedes Benz India said in a statement.

It complements the C-Class range by another sports build of Mercedes-AMG origin, the company said in a statement.

Currently, the R&D staff in India accounts for 3,500 people, up from 700 only five years earlier.

On Wednesday, it launched two new convertibles, priced (ex-showroom, Delhi) at Rs 60 lakh and Rs 2.25 crore, respectively.

If a vehicle is trying to overtake you, a radar senses as it enters the blind-spot area on either side of you, and alerts you by illuminating an icon in the side mirror. If you activate a turn signal, a warning tone sounds. The technology is called Active Blind Spot Assist.

With the launch of the new vehicle, the company said it has completed offering petrol option along with diesel variants for all the models that it sells in India.

Mercedes will add two electric sport utility vehicles and two sedans, according to two people familiar with the plan, who asked not to be named because the details haven't been disclosed. Mercedes will create a new sub-brand for the cars, though a name hasn't been chosen yet, one of the people said. Chief Executive Officer Dieter Zetsche said in June that the company planned to unveil an electric car at the Paris motor show in September.

Roland Folger, managing director and chief executive officer, Mercedes Benz India, said that of the nine models that are locally manufactured, six are now available in petrol.

Mercedes is the most impacted luxury car maker after the Supreme Court in December last year imposed a ban on sales of diesel cars with an engine capacity of 2,000 cc and above in the National Capital Region. All its models came under this category and impacted the German car maker's sales in its biggest market in the country.