Mercedes Benz Announces Plan to Cut Down Prices of Spare Parts
The German luxury auto brand Daimler AG Mercedes Benz announced that hey will be cutting prices on 10,000 of its spare parts by 15 percent on average a month after they announced a sweeping reduction of prices for repair and maintenance services. The news announced over the weekend in the Mercedes Benz Chinese market website came after pressure from the Chinese anti monopoly regulators build on global automakers to stop price gouging on repair and replacement parts by most foreign auto brands.
China is now stepping up their efforts in bringing companies to comply with the anit monopoly law that was implemented in 2008, and in the recent years have targeted industries that ranges from drug makers, milk producers and technology firms. Investigations of this sort led to big fines on several multinational firms. Also the company unleashed the price cuts in addition to the program that was launched last month that cut service charges and corresponding spare part prices by 20 percent.
This move also came in a week after Audi decided to cut is spare parts prices in China as much by 38 percent and Land Rover has also unveiled their own plans in cutting prices of its three car models.