Mumbai, Jan 13: Luxury automobile manufacturer Mercedes-Benz India Tues declared an upward worth revision that, it said, was because of the withdrawal of excise duty concession on Dec thirty one, 2014.
According to the corporate, the costs would be revised by up to four p.c across the model range. The new costs would be effective from Jan twenty two, 2015.
The company aforesaid that the top of the excise duty concession on Dec thirty one, 2014 was instrumental within the worth revision.
“The finish of excise profit left us with no possibility however to pass on the extra price to our customers,” aforesaid Eberhard Kern, administrator and chief executive, Mercedes-Benz Bharat.
“Mercedes-Benz India is on a powerful growth curve with a transparent specialise in maintaining a profitable and property growth. we would like to keep up our premium complete positioning within the market and sustain the strong foundation that we’ve got created for the complete in India.”
