Press Esc to close
Tuesday 30 May 2017
News updated at 10:41 AM IST

Mercedes raises car prices in India

Pune, Aug 29, 2013 (IANS) 21:56 IST


German luxury automobile manufacturer Mercedes-Benz India Thursday said it is increasing prices of its entire range of models by between 2.5 percent-4.5 percent from Sep 1, an official said.


The decision follows the sharp depreciation in the rupee value, high import duty and rising input costs.

"Rising input costs along with higher import duties have been creating significant pressure on our bottomlines for quite some time now," said Eberhard Kern, managing director and chief executive, Mercedes-Benz India.

"Constant weakening of the currency and the increase in other relevant taxes further impacted the business, adversely."

The Indian rupee has lost more than 19 percent against the dollar since the beginning of the financial year. On Wednesday, the partially-convertible rupee touched a new record low of 68.80 against the dollar.

Go to Top

Photo Gallery
Exiled Tibetans rally

Exiled Tibetans rally

First Day of the New Academic Year of School

First Day of the New Academic Year of School

Illicit liquor bottles destroyed in Patna

Illicit liquor bottles destroyed in Patna

DSO activists protest

DSO activists protest

Combined Army Training Camp

Combined Army Training Camp

Rainfall in Mirzapur

Rainfall in Mirzapur

Residents protest in Bikaner over polluted water

Residents protest in Bikaner over polluted water

High tide in Mumbai

High tide in Mumbai

ROAD: POTHOLE

ROAD: POTHOLE

Emmanuel Macron, Vladimir Putin

Emmanuel Macron, Vladimir Putin

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523
Powered by Yodasoft Technologies Pvt. Ltd.