German luxury car maker Mercedes-Benz on Tuesday said it will hike prices of its vehicles in India from January to offset cost escalations.
The company, however, did not specify the quantum of the proposed price hike.
"We aim for a sustainable profitable growth maintaining our premium appeal and hence, we are going to substantially increase the prices of all Mercedes-Benz cars from January 2013," Mercedes-Benz India managing director & CEO Eberhard
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