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Mercedes-Benz India mulls price hike by 1-1.5% in Sep

  • Mercedes-Benz India is planning to implement a price hike of 1-1.5% in September due to the impact of the euro.
  • The company has already increased vehicle prices twice this year in January and July.
  • Despite the price increase, the reduction in interest rates has helped in maintaining equated monthly installments for buyers.
  • The luxury car segment has seen a growth of 5-6% this year, while overall passenger vehicle market growth has been around 2-3%.

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