Mercedes-Benz to hike car prices by up to 4.5 pc from Sept 1 - Financial Express

German luxury car maker Mercedes-Benz today said it will hike prices of its entire model range in India by up to 4.5 per cent from September 1 to partly offset impact of rupee depreciation and higher import duties. The quantum of price revision will be in the range of 2.5 per cent to 4.5 per cent across the models that the company sell in India. With the latest price revision, the company's new A-Class 180 CDI luxury compact car will now be priced at Rs 22.05 lakh, an increase of 4 per cent, Mercedes- Benz India said in a statement. The B-Class 180 CDI model will now be pricier by 4 per cent at Rs 23.50 lakh while the C-Class 200 CGI sedan will now cost Rs 32.25 lakh, an increase of 2.5 per cent, it added. The newly launched E-Class 200 CGI saloon, will now be available at Rs 42.16 lakh, up by 3.5 per cent while the sports utility vehicle ML-Class 250 CDI would be expensive by 4 per cent at Rs 50.98 lakh (all prices are ex-showroom Mumbai). "The rising input costs along with higher import duties have been creating significant pressure on our bottomlines for quite some time now. The constant weakening of the currency and the increase in other relevant taxes further impacted the business, adversely," Mercedes-Benz India Managing Director and CEO Eberhard Kern said. He said the company has been been absorbing a significant portion of these impacts till now, but to run a sustained and profitable business in the ... contd. via Technology - Google News http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHG8SZUmhMlW_5KtCqplCBG1IN3JA&url=http://www.financialexpress.com/news/mercedesbenz-to-hike-car-prices-by-up-to-4.5-pc-from-sept-1/1161789

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