Mercedes-Benz India signals price hike

  • Apr 27, 2011
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Has indicated that prices of all its models will be revised upwards effective 1st May 2011

With rising commodity costs and an overburdening increase in rates for essential auto parts and other inputs a number of automobile manufacturers including luxury car maker Mercedes-Benz have been forced to take the decision of hiking the prices of their existing model line-up here in India.

While this has affected the prices of CBU models of other car manufacturers like Nissan, Mercedes-Benz India said indicated that prices of all its models will be revised upwards effective 1st May 2011.

Reaching out to all Mercedes-Benz customers and potential buyers, Mr. Peter Honegg, Managing Director and CEO of Mercedes-Benz India, said “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.”

The rising commodity rates have had a butterfly effect on the existing prices of multiple models being offered by various car manufacturers, which include the county’s largest passenger car maker Maruti Suzuki, homegrown Tata Motors and Mahindra & Mahindra and finally Korean major Hyundai, which is showing signs of implementing similar steps.

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