ROLAND S FOL­GER

The Economic Times - - Companies: Pursuit Of Profit -

de­vel­op­ment, and we see this as a strong de­ter­rent to the over­all growth of lux­ury cars in this coun­try. We strongly feel this may af­fect our fu­ture plans of ex­pan­sion un­der the 'Make in In­dia' ini­tia­tive, which aims at mak­ing and sell­ing world-class prod­ucts in In­dia, with the lat­est tech­nol­ogy. One month was too short a pe­riod to con­sider an up­ward re­vi­sion in rates. The mar­ket per­for­mance should have been watched for at least six months, be­fore it was relooked. The cur­rent pro­posal of in­crease in cess clubbed with the in­creased road tax rates will take the ef­fec­tive con­sumer price above the pre-GST level. Fur­ther, states like Ma­ha­rash­tra have al­ready in­creased the road tax im­me­di­ately after in­tro­duc­tion of GST, al­most nul­li­fy­ing the ben­e­fit that a cus­tomer could have got in the post-GST regime.

How will such in­con­sis­tency in the

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