Mercedes Benz India had officially announced to hike the prices of its cars from 1st September 2013 by 2.5% to 4.5%, depending on the models selected.
In the official statement released by the German carmaker says, the upward revising in prices is carried out as an outcome of the high exchange rates, raised import duties and notching input cost. In addition, the higher interest rates are also impacting this action of MB silently.
Commenting on the sets of new prices, Mr. Eberhard Kern, Managing Director & CEO, Mercedes-Benz India said, “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. We have been absorbing a significant portion of these impacts till now, but to run a sustained and profitable business in the long run, revising the prices upwards was inevitable. However, despite the price hike, the attractive financial solutions from Mercedes-Benz Financial Services like ‘Flexinomics’, ‘STAR Agility’ and ‘STAR Supersonic’ loan approvals etc. are all tailor made for our customers. These solutions will provide benchmarking value proposition enabling a hassle free purchase, while our after-sales programmes like Star Care, Star Ease and Road Side Assistance, will enhance the customer’s overall ownership experience.”
As per the new tags of the Mercedes Benz India, mentioned below tags will follow their respective models plates:
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Hence, an exception to all, the price of newly launched “GL Class” which had recently started its production in India will remain unchanged.
However, the aspiring buyers of the German carmaker products need not to worry about. The three-pointed star badge automaker also provides some financial services to make the purchases attractive, and also offer the customers with most optimum ‘Cost of Ownership’ from its bay. Flexible financing system, and various warranty programmes are some of the features that said services of Mercedes Benz is known for filling the propositions of mentioned terms at best.