For those who just thought the Mercedes-Benz is out of your budget, strike a few more models out. The luxury car maker Mercedes-Benz India has clearly voiced out that it will increase prices of all of its models effective from 1st May, 2011. Due to rising input costs and impact of adverse currency fluctuations. With BMW already out numbering Mercedes in sales, such news is not good news for the Stuttgart based automaker.
“The rising input costs and challenging exchange rates as well as inflationary impacts are areas that have a bearing on the cost of the final product. We have absorbed these to a significant level but moving forward we will have to pass on some portion of this impact to the customer. The prices of all Mercedes-Benz models will be revised upwards effective 1st May 2011 for the Indian market.” Mr. Peter Honegg, MD and CEO, Mercedes-Benz India said.
Although the exact amount or the percentage of increase was not clarified, looking at the current trend, we expect the prices from anywhere between 1-2%.