Mercedes-Benz India to increase prices by up to 4% across models
Thursday - August 16, 2018 10:34 pm ,
Category : BUSINESS
Mercedes-Benz India to increase prices by up to 4% across models
Mumbai Aug 16 (IANS) Luxury automobile manufacturer Mercedes-Benz India on Thursday announced a price rise by up to 4 per cent across models.
According to the company the revised prices (ex-showroom) will be applicable from September 1 2018 due to geo-political dynamics coupled with a rise in input costs and an unfavourable forex rate.
"While the INR has depreciated by more than 5 per cent against the euro in last 8 months the repo rate has gone up by 0.5 per cent in last couple of months " the company said in a statement.
"The combination of all these factors led Mercedes-Benz India to upwardly revise the prices of its entire model range and also the retail finance rates."
--IANS rdm-rv/pgh/bg
According to the company the revised prices (ex-showroom) will be applicable from September 1 2018 due to geo-political dynamics coupled with a rise in input costs and an unfavourable forex rate.
"While the INR has depreciated by more than 5 per cent against the euro in last 8 months the repo rate has gone up by 0.5 per cent in last couple of months " the company said in a statement.
"The combination of all these factors led Mercedes-Benz India to upwardly revise the prices of its entire model range and also the retail finance rates."
--IANS rdm-rv/pgh/bg
