Mercedes India price hike from September 2014 - Press Release

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Mercedes-Benz India Ltd. (MBIL) has announced a price hike of up to 2.5% across its range which will come into effect starting from September 1. More details at IndianAutosBlog.com

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Mercedes India price hike from September 2014 - Press Release

  1. 1. 18 th August, 2014 Mercedes-Benz India to revise price of its model range from 1st September 2014 • Prices set to increase up to 2.5%, varying across model range • Price hike to be effective from 1st September, 2014 • Rising input costs coupled with continued high exchange rate are key factors for the price hike • Smart financial solutions from Mercedes-Benz Financial Services to make purchase attractive and offer most optimum Cost of Ownership • Strategy focus on introducing products that are top of the line, highly enriched with latest equipment and appointments Pune: Mercedes-Benz India today announced an upward revision of the price of its models effective from 1 st September, 2014. The quantum of price increase would be up to 2.5%, varying across model range. Rising input costs coupled with other factors like continued high exchange rate has been impacting the bottom-line, making a price revision inevitable. Mr. Eberhard Kern, Managing Director & CEO, Mercedes-Benz India commented, “Mercedes-Benz continues to offer ‘top of the line’ products for its customers and focuses on adding more value to their overall ownership experience. We have decided to upwardly revise the prices of some of our models given the rising input Mercedes-Benz India. E-3, MIDC, Chakan. Tal: Khed. Pune- 410501, India. Tel: +91 2135 673000 / 395000, Fax: +91 2135 673953 Press Information January, 2012
  2. 2. costs and continued high exchange rate. Mercedes-Benz models are highly enriched in terms of features and they command high customer preference in the market. Our aim remains to grow sustainably in the market in the long-term and keep creating new benchmark in modern luxury for our customers.” Mr. Kern further added, “Despite the price hike, the attractive financial solutions from Mercedes-Benz Financial Services like ‘Flexinomics’, ‘STAR Agility, STAR Lease’ and ‘STAR Supersonic’ loan approvals etc. are all tailor made for our customers. These solutions will provide benchmark value proposition, enabling a hassle free purchase, while our service programmes like Star Care, Star Ease and Road Side Assistance, will enhance the customer’s overall ownership experience.” Financial solutions: The Company’s ‘Flexinomics’ and STAR Finance schemes give tailor made financial solutions, while ‘STAR Supersonic’ scheme also provides extremely fast loan approval in merely 30 minutes. STAR Agility is yet another unique and innovative product from Mercedes-Benz Financial Services which enhances the flexibility and affordability of owning a Mercedes-Benz. Different aspects of the vehicle ownership starting from finance-leasing-insurance to roadside assistance, cost of service, repairs and even residual value has been optimized under ‘Flexinomics’. Service packages: Mercedes-Benz India also offers highly affordable service packages and Extended Warranty Programmes which are most competitive. Under STAR CARE programme, warrantable repairs up to 3 years are without any mileage limitations, as standard. Star Care Plus also offers 4 th year extended warranty which enhances resale value. The STAR EASE covers essential jobs related to periodic service along with coverage for brake pads, brake discs, wiper blades, wheel alignment and balancing for Mercedes-Benz India. E-3, MIDC, Chakan. Tal: Khed. Pune- 410501, India. Tel: +91 2135 673000 / 395000, Fax: +91 2135 673953
  3. 3. contracted period. Mercedes-Benz India is the only luxury car maker to offer On Road Assistance (ORA) Package as a standard offering for 3 years and can be purchased for the 4 th and 5 th year individually. All these customized offerings from Mercedes-Benz will ensure that the valued customers derive maximum value out of their car with a reassurance that the cost of ownership over the lifecycle of their Mercedes-Benz is second to none in the comparative domain. -####- Media Contact: Mercedes-Benz India Pvt. Ltd.: Shekhar Das Chowdhury shekhar.daschowdhury@daimler.com | +91 98508 36477 Reuben George reuben.george@daimler.com | +91 98239 69057 Mercedes-Benz India. E-3, MIDC, Chakan. Tal: Khed. Pune- 410501, India. Tel: +91 2135 673000 / 395000, Fax: +91 2135 673953

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