Log in to CarWale

Please enter your name
Please enter your password
Please enter your registered email

Sign up to CarWale

Please enter your name
Please enter your email id
+91
Please enter your mobile number
Please enter your password
Please enter your password

Please tell us your city

Knowing your city helps us provide relevant content for you

No city match.

Mercedes-Benz to raise prices from January

Tuesday, December 11, 2012 5:40 PM by
969 View(s)
1comment(s)
Mercedes-Benz to raise prices from January

Mercedes-Benz has announced that it will raise the price of its entire range sold in the country from January onwards. The German automaker has attributed the hike to increase in the cost of inputs, inflation and unfavourable fluctuations in currency exchange rates. They have however, not specified the quantum of the hike.   

Commenting on the hike, Eberhard Kern, MD and CEO, Mercedes-Benz India said “Significant level of cost escalations have been absorbed by us till now, but beyond a point we cannot continue to sustain such levels. We have made substantial investment in our India operations and are responsible for the growth of our employees and dealer partners. We aim for a sustainable profitable growth maintaining our premium appeal and hence, we are going to substantially increase the prices of all Mercedes-Benz cars from January 2013.” 

Mercedes-Benz like many other car makers in the sub-continent imports components like engines, parts of the drivetrain and accessories. It is likely that this has put pressure on its profit margins forcing it to initiate the hike. Mercedes-Benz joins Audi, Toyota, Maruti Suzuki and Chevrolet who have all raised their prices for similar reasons.   

 

 

Tags: Mercedes-Benz,Mercedes-Benz price hike

Comments

Popular Videos

Chapter 1: On The Road to AutoExpo - PowerDrift

Life at PowerDrift could be ... err.. a little ...

345 Likes
318067 Views

Mercedes Benz GLE 450 AMG Coupe Launch Alert

Mercedes-Benz has entered the full size SUV seg...

300 Likes
11535 Views
  • Upcoming Cars

Tata Zica Tata Zica

February 2016

₹ 3.90 lakh - 4.50 lakh

Toyota New Innova Toyota New Innova

February 2016

₹ 10 lakh - 15 lakh

Maruti Suzuki Vitara Brezza Maruti Suzuki Vitara Brezza

March 2016

₹ 6 lakh - 8.50 lakh

Jeep Grand Cherokee Jeep Grand Cherokee

February 2016

₹ 35 lakh - 50 lakh

Jeep Wrangler Jeep Wrangler

March 2016

₹ 25 lakh - 32 lakh

All Upcoming Cars
Ask the experts 1800 2090 230 Toll free