Mercedes-Benz India Signals Price Hike from January 2013
Mercedes-Benz India today indicated that prices of all its models will be revised upwards effective January, 2013. A constant increase in input costs and unfavorable exchange rates coupled with inflation has posed severe strain on margins. Which has resulted in this desicion.
Wajeeh
Published On Dec 11, 2012 18:40 IST
Published OnDec 11, 2012 18:40 IST
Last Updated OnDec 11, 2012 18:40 IST
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Mr. Eberhard Kern, Managing Director & CEO, Mercedes-Benz India commented, “Significant level of cost escalations have been absorbed by us till now, but beyond a point we cannot continue to sustain such levels. We have made substantial investment in our India operations and are responsible for the growth of our employees and dealer partners. We aim for a sustainable profitable growth maintaining our premium appeal and hence, we are going to substantially increase the prices of all Mercedes-Benz cars from January 2013.”
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Raised in the Middle East, Wajeeh Khan spent most of his life in Doha, Qatar where he was originally educated in the field of communications and networking. He spent five years working and garnering experience in various fields including administration, insurance, sales and construction. However, Wajeeh has always had a deep seated passion for automotive writing, which has brought him back to his roots in India and although a fresher in the field, he is an obsessive enthusiast with an extreme and inquisitive nature and has his bases on the hows and whys of the functioning of a car, all covered.</p>
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Armed with exceptional knowledge on the workings of the English language and his obsession for cars, he hopes to make a name for himself in the field of automotive journalism.</p>
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