Mercedes-Benz India to hike car prices from May 1
April 26th, 2011 - 7:28 pm ICT by IANSNew Delhi, April 26 (IANS) German luxury automobile major Mercedes-Benz’s Indian subsidiary Tuesday said it would hike the prices of its car models from May 1 due to rising input costs and challenging exchange rates.
“The prices of all Mercedes-Benz models will be revised upwards effective 1st May 2011 for the Indian market,” said Peter Honegg, managing director and chief executive, Mercedes-Benz India.
According to Honegg, the company has to pass on a portion of the rising input prices as it was unable to absorb further inflationary pressures.
“The rising input costs and challenging exchange rates as well as inflationary impacts are areas that have a bearing on the cost of the final product,” Honegg said.
- Mercedes-Benz India to roll out entry-level cars - May 03, 2011
- Honegg to replace Aulbur as Mercedes' India chief - Nov 27, 2010
- Mercedes-Benz sells 90 C-class cars' to Carzonrent - Jul 18, 2011
- Auto industry to entice customers with new launches in 2011 - Jan 16, 2011
- Mercedes-Benz launches new M-Class in India - May 15, 2012
- Mercedes to set up driving academy in India - Aug 24, 2011
- Mercedes-Benz is official partner of Noida F1 track - Aug 24, 2011
- Mercedes and Jaypee Sports launch performance driving academy - Jan 04, 2012
- Polo prices up by 2.9 percent from Jan 1 - Dec 15, 2010
- Mercedes relaunches premium car Maybach - Feb 01, 2011
- Renault to increase prices of Koleos - Dec 14, 2011
- Mercedes launches the next-generation SLK 350 - Aug 11, 2011
- Mercedes-Benz will hike prices in February - Jan 15, 2009
- Mercedes launches the new M-Class - Jan 05, 2012
- Mercedes launches 3D stimulator, luxury apparels - Sep 08, 2010
Tags: bearing, car models, car prices, chief executive, exchange rates, indian subsidiary, inflationary pressures, input costs, input prices, luxury automobile, managing director, may 1, mercedes benz, mercedes benz india, mercedes benz models, New Delhi