 "Santosh Iyer")
Santosh Iyer, CEO and MD of Mercedes-Benz India, told Sohini Das in a telephone interview that the tax rationalisation will boost consumer sentiment and luxury car buyers may get an estimated price benefit of 5-8%. Edited excerpts:
By how much do you think prices of luxury cars will come down?
Santosh: Mercedes-Benz will be passing this entire GST reduction to our customers and the estimated price benefit will be in the 5-8% corridor, lifting customer sentiment, boosting festive sales. Even the rationalisation of GST on automotive parts should bring down the TCO in the long run.
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