Mercedes-Benz India has announced a price hike up to 2 percent across the entire model range. The reason given for the price increase is rising input costs. The new prices will be effective January 1, 2016.
Roland Folger, Managing Director & CEO, Mercedes-Benz India said, “Mercedes-Benz has been creating continuous value propositions for the Indian customers by offering the best products from our global portfolio in India. We have enhanced this value addition even further through our localization efforts. However, with rising input costs, we are compelled to make some price adjustments to our product range to protect the investment of our customers in the brand, maintain our premium brand positioning in the market and sustain a profitable business. We want to further
enrich the strong foundation which we have created for the brand in India.”
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