New Delhi, Aug 18(IANS): German automobile manufacturer Mercedes-Benz Monday said it will hike prices up to 2.5 percent on its models effective Sept 1, 2014.
Mercedes-Benz to hike prices from Sept 1
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.