Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
01 August, 2015 15:16 IST
Mercedes-Benz India hikes vehicle prices by 1-3%
Source: IRIS | 01 Jan, 2013, 01.39PM
Comments  |  Post Comment

Mercedes-Benz India announced Tuesday the price hike of 1-3% for its vehicle range in India. The hike will be effective from Jan. 14, 2013.

Eberhard Kern, managing director & CEO, Mercedes-Benz India commented, ''Rising inputs cost, volatility of the rupee-euro, high interest rates and other associated factors have put significant pressure on us. Consequently, we are forced to share a part of this burden with our customers and we will increase prices of our vehicles to the tune of 1-3% effective January 14, 2013. However, to support the purchase decisions of our discerning customers, Mercedes-Benz Financial Services will be supporting with various finance options.''

The price of the B-Class will be increased by 1%, for the C-Class and E-Class sedans it will be 1.5% and for the S-Class sedan, the rise in price will be 3%.

The M-Class SUV will be dearer by 3% and the prices of the CBU range of vehicles comprising the CLS-Class, SLK-Class, R-Class and the SLS AMG will also be increased by 1%.

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Related Articles
Ashok Leyland sales jump 40% in July - 01-Aug-2015 15:00
Mahindra Tractor sells 14,273 units in July - 01-Aug-2015 14:48
M&M auto sector sales fall 3% in July - 01-Aug-2015 14:22
Maruti Suzuki sales rise 20% in July - 01-Aug-2015 12:26
SPARC receives CRL from USFDA for Latanoprost NDA - 01-Aug-2015 11:15
OMCs cut petrol price by Rs 2.43/litre; diesel by Rs 3.60/litre - 01-Aug-2015 10:26
OMCs cut petrol price by Rs 2.43/litre; diesel by Rs 3.60/litre - 01-Aug-2015 10:26
OMCs cut petrol price by Rs 2.43/litre; diesel by Rs 3.60/litre - 01-Aug-2015 10:26
Viacom acquires 50% stake in Prism TV for Rs 9.4 bn - 31-Jul-2015 18:05
PFS exits Ind-Barath Energy with almost 200% returns - 31-Jul-2015 17:01
Reliance Sec retains 'Buy' on Kansai Nerolac; raises target to Rs 270 - 31-Jul-2015 16:28
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer