GST effect : Mercedes-Benz prices reduced

New Delhi, MAY 26: A good news for people who want to buy luxury cars. German luxury car manufacturer Mercedes-Benz will reduce prices of its vehicles produced in India.

The company said that it will reduce the prices by Rs. 7 lakh. They also said that this decision was taken to pass on the benefits of new tax rate under GST due in July.

The company issued a statement that the new prices will be effective from today and this will applicable through the whole of June.

They also said that if the roll out of GST is deferred, it would revert to the old prices. Currently, Mercedes-Benz India produces nine models such as — CLA sedan, SUVs GLA, GLC, GLE and GLS, luxury sedans C-Class, E- Class, S-Class and Maybach S 500.

The vehicles are priced in the range of Rs. 32 lakh and Rs. 1.87 crore. The price slashed will vary from Rs. 1.4 lakh on the CLA sedan to Rs. 7 lakh on Maybach S 500.

Finally, the company said that we are hopeful that Central government would stick to its timeline of July 1, 2017, for the roll out of GST.