SME Times News Bureau | 17 Aug, 2018
Luxury automobile manufacturer Mercedes-Benz India on Thursday announced a price rise by up to 4 per cent across models.
According
to the company, the revised prices (ex-showroom) will be applicable
from September 1, 2018 due to geo-political dynamics, coupled with a
rise in input costs and an unfavourable forex rate.
"While the
INR has depreciated by more than 5 per cent against the euro in last 8
months, the repo rate has gone up by 0.5 per cent in last couple of
months," the company said in a statement.
"The combination of all
these factors led Mercedes-Benz India to upwardly revise the prices of
its entire model range and also the retail finance rates."
