India’s largest luxury car maker Mercedes-Benz India today announced an upward revision of the price of its entire model range effective from March 15, 2016. The price increase would be between 3% and 5% depending on the model.
The imposition of an ‘infrastructural cess’ as well as an additional ‘luxury tax’ announced in the Union Budget 2016, has negatively impacted the prices of the Mercedes-Benz model range. In addition, a weakening currency coupled with rising input costs has been exerting significant pressure to the bottom-line. The combination of all these factors led Mercedes-Benz India to upwardly revise the prices of the entire model range.
The imposition of an ‘infrastructural cess’ as well as an additional ‘luxury tax’ announced in the Union Budget 2016, has negatively impacted the prices of the Mercedes-Benz model range. In addition, a weakening currency coupled with rising input costs has been exerting significant pressure to the bottom-line. The combination of all these factors led Mercedes-Benz India to upwardly revise the prices of the entire model range.
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