1. Home
  2. Business
  3. Mercedes-Benz India announce price rise by up to 4 percent across models

Mercedes-Benz India announce price rise by up to 4 percent across models

By Team Pardaphash 
Updated Date

Mumbai: Luxury automobile manufacturer Mercedes-Benz India today announced a price rise by up to 4 per cent across models.

Also Read :- Petrol price stable, diesel hiked for second day in a row, check city-wise rates

According to the company, the revised prices (ex-showroom) will be applicable from September 1, 2018 due to geo-political dynamics, coupled with a rise in input costs and an unfavourable forex rate.

“While the INR has depreciated by more than 5 per cent against the euro in last 8 months, the repo rate has gone up by 0.5 per cent in last couple of months,” the company said in a statement.

“The combination of all these factors led Mercedes-Benz India to upwardly revise the prices of its entire model range and also the retail finance rates.”

Also Read :- Govt shortlists Cyril Amarchand Mangaldas as legal advisor for LIC IPO
For the latest news and reviews, follow us on Facebook and Twitter ...