Mercedes Benz plans to hike prices

Mercedes-Benz India indicated that prices of all its models will be revised upwards from mid-February 2009.Global recesion,fluctuating input prices and adverse exchange rates have placed the high level challenge before the manufacturing companies. We have absorbed significant levels of cost escalation–but cannot continue to sustain such levels beyond a point, Mercedes-Benz India’s Managing Director and CEO, Wilfried Aulbur, said.”We are going to increase prices of all Mercedes-Benz cars from mid-February 2009,” he added.

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