Mercedes Benz India signals a price hike
Kaustubh Shinde, They say sooner or later your passion finds you. Sometime in late 2009, I started writing for IAB and ever since then it has been a roller coaster ride for me. An amazing experience that has taught me a lot, taken me to new places, driven some great cars and met some amazing people. When you don't find me on IAB (very rarely), you will find me either at a coffee shop or an eatery or at the nearest gadget store.Hope you enjoy IAB as much as we do!
Mercedes Benz India has signaled IAB about a price hike throughout its range effective from May 1.
Mr. Peter Honegg, Managing Director and CEO of Mercedes-Benz India –
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. We have absorbed these to a significant level but moving forward we will have to pass on some portion of this impact to the customer. The prices of all Mercedes-Benz models will be revised upwards effective 1st May 2011 for the Indian market.
Although the exact amount or the percentage of increase was not clarified, looking at the current trend, we expect the prices from anywhere between 1-2%.
Will BMW and Audi follow suit?