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Mercedes-Benz, the German luxury carmaker has said that it will increase the prices of its entire model range in India, effective January 1, 2017, by up to 2 percent to offset rising inflation, input costs and increasing forex rates.
It has said in a statement that “The rising inflation coupled with rising input costs and increasing forex rates have been exerting significant pressure on the bottom line.”
It added that the combination of all these factors led to Mercedes-Benz India upwardly revising the prices of the entire model range.
