MUMBAI, Dec 11:
Mercedes-Benz India today indicated that prices of all its models will be up from January, 2013.
A constant increase in input costs and unfavourable exchange rates coupled with inflation has possed severe strain on margins. Mr. Eberhard Kern, Managing Director & CEO, Mercedes-Benz India said in a release.
“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”, he said.
(UNI)
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