Mercedes-Benz India has announced an increase in price of its entire model range. The increase in price ranges from 1-4pc for locally produced models and upto 20pc for select CBUs. The price hike will be effective from 1st April, 2013. Eberhard Kern, Managing Director & CEO, Mercedes-Benz India commented, “There are several factors that have put significant pressure on our bottomlines. Rising input costs and volatile exchange rates have impacted us; while the recent changes in import duty structure and increase in relevant taxes have put significant stress on our business. We have absorbed a portion of the impacts but to retain business viability, we are forced to pass on a part of this burden to the consumers."
Castrol India has pioneered to launch engine oils in India meeting the world’s newest API SQ specification, setting a benchmark in passenger car lubrication.
ZF, a global leader in driveline and chassis technology has announced the start of production of its Electric Park Brake (EPB) system in India. This debut comes through its integration into a recently...
Uno Minda, a leading Tier 1 supplier of proprietary automotive solutions to Original Equipment Manufacturers (OEMs), has introduced its advanced LED blinkers for Royal Enfield motorcycles in the India...