" We have decided to upwardly revise the prices of some of our models given the rising input costs and continued high exchange rate. Mercedes-Benz models are highly enriched in terms of features and they command high customer preference in the market, Eberhard Kern, managing director and chief executive, Mercedes-Benz India said."
New Delhi, Aug 18 - German automobile manufacturer Mercedes-Benz Monday said it will hike prices up to 2.5 percent on its models effective Sep 1, 2014.

According to the company, rising input costs coupled with continued high exchange rate have been impacting the bottom-line, making a price revision inevitable.

We have decided to upwardly revise the prices of some of our models given the rising input costs and continued high exchange rate. Mercedes-Benz models are highly enriched in terms of features and they command high customer preference in the market, Eberhard Kern, managing director and chief executive, Mercedes-Benz India said.

Our aim remains to grow sustainably in the market in the long-term and keep creating new benchmark in modern luxury for our customers, Kern added.


comments powered by Disqus
Read more on:
 

PERMALINK

http://www.nerve.in/news:2535002396969
You can quote the permanent link above for a direct link to the story. We do not archive or expire our news stories.


STORY OPTIONS
  Email this story to a friend
  XML feed for India


 
COPYRIGHTS INFORMATION
All rights reserved for news content. Reproduction, storage or redistribution of Nerve content and articles in any medium is strictly prohibited.
Contact Nerve Staff for any feedback, corrections and omissions in news stories.
 

All rights reserved for the news content. Reproduction, storage or redistribution of Nerve content and articles in any medium is strictly prohibited.