Last year, the demand for luxury cars beat the broader sentiment and emerged as a bellweather segment. The segment had been under a slight pressure since the beginning of this year despite a flurry of launches. The four slab of Goods and Services Tax (GST) where luxury items have been singled out will have an adverse effect on car demand. In an e-mail interview, Mercedes-Benz India Managing Director & Chief Executive Officer Roland Folger tells Swaraj Baggonkar why ‘Make in India’ might prove to be difficult with the onset of GST.

http://business-standard.com/article/companies/tax-burden-may-deter-localisation-plan-roland-folger-116110600723_1.html

Advertisements