Mercedes-Benz mulls price hike to offset impact of currency volatility
German luxury car maker Mercedes-Benz is considering increasing prices of its vehicles in India to offset the impact of high currency volatility witnessed in the last six months, according to a top company official. Compatriot Audi is also evaluating such a step although it has not set any timeline for the same.
"In view of the high currency volatility witnessed since the last six months, we may look at a price revision of our product range soon," Mercedes-Benz India Managing Director and CEO Martin Schwenk said.
He, however, did not elaborate on the exact time, quantum and range of the planned price hike.
With the average exchange rate of rupee for euro going up from Rs 79 in February to Rs 87 in August, the company's input costs have gone up.
Currently, Mercedes-Benz India sells a range of luxury vehicles starting from the C-Class priced at Rs 41 lakh to AMG GT Coupe tagged at Rs 2.5 crore.
When reached out if the company is also considering a similar move to increase vehicle prices, an Audi India official said, "We are evaluating this but there is no timeline at the moment."
Tata Motors-owned JLR, however, said it has "no such plan or announcements on the anvil".
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
Next Baldor Enhances Same-Day Gearbox Assembly Operations
BRIEF INTRODUCTION
Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.
Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.
China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.
