Mercedes-Benz India to raise prices by up to 5%
The Hindu
Rupee depreciation combined with higher input costs led to the decision, according to the company
Mercedes-Benz India has announced an upward revision of about 5% of the ex-showroom price of its vehicles effective April 1.
“The depreciation of the currency compared to the euro, combined with increased input cost including logistics costs, have been exerting significant pressure on the company’s overall operational cost,” the company said in a statement.
A combination of these factors have prompted the company to upwardly revise the ex-showroom price of its model range to offset some of these costs, it said.
“While the company absorbs significant costs, some portion of it will be passed on to the consumers in order to sustain a profitable business,” it added.
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