Mercedes may hike price HYDERABAD, 27 JUNE: Sliding rupee against world currencies may force luxury car maker Mercedes Benz to…
Mercedes may hike price
HYDERABAD, 27 JUNE: Sliding rupee against world currencies may force luxury car maker Mercedes Benz to go for price hike in future, a top official of the German auto maker said today. Mr Eberhard H Kern, managing director and CEO, Mercedes Benz India, also said the company plans to invest Rs 250 crore to expand the existing manufacturing facility. The domestic currency has fallen by over 10 per cent in the last one month to trade at all-time low level of 60 against dollar. “We look at this development a bit worried. For the time being we are safe. We follow long-term hedging strategy. But if the rupee stays on this weak level, we have to look at our pricing,” Mr Kern told reporters on the sidelines of the launch of the new E-Class in Hyderabad. pti
Telecom licence
NEW DELHI, 27 JUNE: Norwegian firm Telenor and Qatar Telecommunications today won telecom licences in Myanmar, one of the last untapped mobile phone markets globally, pipping India’s Bharti Airtel and nine others. The government committee in charge of licence bids “is pleased to announce that Telenor Mobile Communications and Ooredoo (Qatar Telecom) have been selected as the two successful applicants”, a Myanmarese government statement said. pti
Honda launch
NEW DELHI, 27 JUNE: Honda Motorcycle & Scooter India today launched a new edition of its global sports performance bike CBR 250R priced between Rs 1.56 lakh and Rs 1.86 lakh (ex-showroom Delhi). The 2013 edition CBR 250R is available for sale across all Honda exclusive authorised dealerships starting this month end, HMSI said in a statement. pti
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