Mercedes-Benz will hike prices in February

January 15th, 2009 - 10:01 pm ICT by IANS  

New Delhi, Jan 15 (IANS) Mercedes-Benz cars will become costlier in India next month when the prices will be raised due to the rising input costs and a depreciating rupee, the company said in a statement Thursday.“Fluctuating input prices and adverse exchange rates have posed severe challenges for margins,” Wilfried Aulbur, managing director and chief executive, Mercedes-Benz India, said in a statement.

“We have absorbed significant levels of cost escalation - but cannot continue to sustain such levels beyond a point. We are going to increase prices of all Mercedes-Benz cars from mid-February,” he added.

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