Mercedes-Benz To Hike Price Next Month

Mercedes-Benz will increase prices of all its models in India from 1st May, 2011. The company has attributed the hike to increasing exchange rates and input costs. 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.