Mercedes-Benz to raise prices in India on weak rupee

Newswire

Aug 29 (Reuters) - Daimler AG's Mercedes-Benz on Thursday joined its German rivals Audi and BMW in raising prices of its luxury cars in India as a depreciating rupee and rising inputs costs pressured margins. Mercedes-Benz said it would raise prices by between 2.5 and 4.5 percent from Sept. 1 across its range of vehicles in India. "Exchange rate effects, higher import duties and rising input costs coupled with a host of other unfavorable factors like higher ...

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