Mercedes may raise car prices in April if rupee weakens against euro

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Mercedes may raise car prices in April if rupee weakens against euro - Business Standard

Quick Summary:

Euro's exchange rate in terms of Indian rupee has been witnessing a continuous fall this year.From the level of 89.96 on February 12, the exchange rate hit the record low of 95.13 against a euro on March 12, according to RBI data.

Mercedes-Benz India may increase prices of its model range in April, if the rupee continues to weaken against the euro, Managing Director & CEO Santosh Iyer said on Tuesday.

"When we look at the exchange rate, it has really been a bit concerning in the last 20 days because the euro has already reached 95 levels, and we have priced the cars at 90 (rupee level).