Luxury cars likely to get costlier by 2-3% soon

Luxury cars are set to get costlier with the depreciation of the rupee,which has fallen around 10 per cent over the last one month. The fall is cutting the margins of car makers selling their cars in India

Written by ENS Economic Bureau | Mumbai | Published:July 3, 2013 1:02 am

Luxury cars are set to get costlier with the depreciation of the rupee,which has fallen around 10 per cent over the last one month. The fall is cutting the margins of car makers selling their cars in India.

Michael Perschke,head Audi India said that Audi India will be raising the prices of its cars by at least 2-3 per cent between July and August. “We have no choice but to sooner or later pass on the price increase to the customer,” said Perschke on the sidelines of the launch of the Audi RS 5.

Mercedes-Benz also did not rule out a revision in the prices of their cars.”We are closely monitoring the developments and if required,we may consider a revision in our pricing for specific models,” said Eberhard Kern,MD and CEO,Mercedes-Benz India.

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