Latest News
- Ola Electric Hits New Milestone – 500th Service Centre Opened In Kochi
- What Are Airbags: Things To Do & Things Not To Do
- Tesla CEO Elon Musk's Much-Awaited Visit to India Deferred, Leaving Questions Unanswered
- Ford Mustang 60th Anniversary Package – Limited To Just 1,965 Units
- Mahindra XUV 3XO SUV – Everything We Know So Far
- Top 10 Used Bikes to Kickstart Your Riding Journey
- Suzuki Swift Hatchback Scores 4 Star Safety Rating At JNCAP – ADAS, New Engine & More
- Porsche Introduces Macan EV In India, Expanding Electric Portfolio
- Tata Motors To Manufacture Jaguar Land Rover Cars In Billion Dollar TN Plant - Report
- Ford Territory SUV Name Trademarked – Likely To Be Positioned Below The Everest SUV
Mercedes-Benz India Hikes Price Of Entire Range By 2 Percent
Along with Mercedes, several other manufacturers including Hyundai, Nissan, Toyota Kirloskar and Renault has also made a decision to increase prices from January.
German
auto
giant
Mercedes-Benz
has
announced
that
it
will
hike
prices
of
its
entire
product
lineup
in
India
by
2
percent,
effective
January
1,
2017.
Mercedes-Benz India said in a statement, "The rising inflation coupled with rising input costs and increasing forex rates have been exerting significant pressure on the bottom line."
The carmaker insists that owing to negative customer sentiments, the company has only passed on minimum offset cost on the customers. The German marque sells a range of products in India starting from the Rs 27 lakh A-Class to the Rs 2.6 crore Mercedes-Maybach S600.
Mercedes-Benz India MD Roland Folger said, "A steady rise in input costs against the backdrop of increasing forex rates and high inflationary cost together have eroded our bottom line.
"We were left with fewer options but to make some necessary price adjustments to our product range in order to protect the investment of our customers."
He added, "We, hence, decided to absorb a higher impact of these adversary factors on our price and pass a lesser part of it to customers, considering the current negative customer sentiment.
"We want to maintain a sustainable business in this dynamic market and want to retain our premium brand positioning."
Along with Mercedes, several other manufacturers including Hyundai, Nissan, Toyota Kirloskar and Renault has also made a decision to increase prices from January.
Most Read: Bajaj Dominar 400 Launched In India [Images + Price List]