If you've been looking to buy yourself a Mercedes-Benz, you'd better not delay your decision now because Merc has announced a price hike across the range once again after the hike in January.
We have absorbed a portion of the impacts but to retain business viability, we are forced to pass on a part of this burden to the consumers.
Citing rising input costs, fluctuating exchange rates, changed import duty structure and a rise in other taxes, Mercedes-Benz has today announced a hike of 1-4% in the prices of its locally-produced cars, and a rise of unto 20% on CBU models. This price hike will be effective come April 1 and no, this isn't an April Fools' prank.
Mr. Eberhard Kern, Managing Director & CEO, Mercedes-Benz India commented, "There are several factors that have put significant pressure on our bottomlines. Rising input costs and volatile exchange rates have impacted us; while the recent changes in import duty structure and increase in relevant taxes have put significant stress on our business. We have absorbed a portion of the impacts but to retain business viability, we are forced to pass on a part of this burden to the consumers."