Mercedes says reduction in cess to go long way in expanding luxury car segment in India
"We would not expect short-term policy changes in taxation which has been a long standing demand of the auto sector. However we would strongly recommend to reduce the additional 20-22 per cent cess which is levied on our products, on top of 28 per cent GST," Mercedes-Benz India Managing Director and CEO Martin Schwenk told PTI in an interview
The automaker, which remains cautiously optimistic about its sales outlook in the country next year, noted that reduction in cess would help the luxury car segment in India attain critical mass in terms of volumes. Source: Reuters