‘Car­mak­ers want cess hike de­ferred till af­ter fes­ti­val sea­son’

The Hindu Business Line - - FRONT PAGE -

Mercedes-Benz In­dia has said that the auto in­dus­try has re­quested the govern­ment to look at re­vis­ing cess for the lux­ury cars af­ter the fes­ti­val sea­son.

Roland Fol­ger, MD & CEO, Mercedes-Benz In­dia, said: “We have no idea of the quan­tum of cess but we have asked the govern­ment to hold off till the fes­ti­val sea­son is over be­cause the im­pact of higher prices will be sig­nif­i­cant.”

Fol­ger was talk­ing to me­di­a­per­sons af­ter launch­ing the com­pany’s 7th AMG per­for­mance Cen­tre at Trans Cars here.

The lux­ury car in­dus­try has been con­tribut­ing higher rev­enues by way of taxes to the govern­ment and cre­at­ing jobs. “If the tax rates are main­tained at lower lev­els then higher vol­umes will drive more in­vest­ments and job gen­er­a­tion,” he said.

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