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Thanks to GST! Luxury cars like Mercedes-Benz, BMW, Audi get a bit more affordable

MUMBAI/DELHI: Luxury cars have become a bit more affordable overnight – and Indians have the GST to thank for this windfall.

 

Prices of Mercedes-Benz, BMW, Audi, and JLR would decline up to 10% — or Rs 10 lakh for the fanciest of models — after the historic July 1 midnight adoption of the GST. The luxury car market in 2016-17 saw sales of 35,000 vehicles. Market-leader Mercedes-Benz, BMW and Audi, after the announcement of GST rates in May, decided to pass on the benefits before July ..

 

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Uploaded on July 3, 2017