Mercedes-Benz India will increase the prices of its products from January 2013. In a statement, the company, which manufactures the C-Class, E-Class, S-Class and M-Class sedans in Chakan, Pune, said, “A constant increase in input costs and unfavourable exchange rates coupled with inflation has posed severe strain on margins.”
In a statement, Eberhard Kern, Managing Director & CEO, Mercedes-Benz India, said, “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 are going to substantially increase the prices of all Mercedes-Benz cars from January 2013.’’