Press Esc to close
Thursday 30 March 2017
News updated at 8:48 PM IST

Mercedes raises car prices in India

Pune, Aug 29, 2013 (IANS)


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
People  are purchasing Mango leaves and Neem leaves on the eve of Ugadi festival ...

People are purchasing Mango leaves and Neem leaves on the eve of Ugadi festival ...

A group of Marathi women, dressed in traditional attires, with placards displaying...

A group of Marathi women, dressed in traditional attires, with placards displaying...

Yakult's new brand ambassador and Bollywood actor Shilpa Shetty at a promotional event...

Yakult's new brand ambassador and Bollywood actor Shilpa Shetty at a promotional event...

King of fruits mango has arrived for sale at Eidgah Maidan near Channamma Circle in Hubballi...

King of fruits mango has arrived for sale at Eidgah Maidan near Channamma Circle in Hubballi...

Children with flowers, neem leaves and jaggery all set to welcome the New Year...

Children with flowers, neem leaves and jaggery all set to welcome the New Year...

Roads wear deserted look on Tuesday as temperature soars in Surat...

Roads wear deserted look on Tuesday as temperature soars in Surat...

Security forces chasing away local protesters who tried to disrupt an anti-militant operation...

Security forces chasing away local protesters who tried to disrupt an anti-militant operation...

Smoke billowing out of the house which was targeted by the security forces personnel for...

Smoke billowing out of the house which was targeted by the security forces personnel for...

A man carries schoolchildren on his bicycle on a road in Srinagar, India...

A man carries schoolchildren on his bicycle on a road in Srinagar, India...

Russian opposition leader Alexei Navalny, foreground, speaks to press in a court room in Moscow....

Russian opposition leader Alexei Navalny, foreground, speaks to press in a court room in Moscow....

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