Mercedes-Benz India
today announced its plan to pass on the Goods and Service Tax (GST)
benefits to customers by bringing down the transaction price of its
cars. Prices of the entire ’Made in India’ product portfolio of the
company will go down by 4 per cent on a ’weighted average’ with
immediate effect. This translates into a reduction of ? 1.5 lakh to ?
7 lakh on the on-road price of all the India-made Mercedes cars. The
downward revision in prices will cover the difference in current
ex-showroom prices and post GST ex-showroom prices.
The company has stated that the price reduction will vary from
state to state with a difference of almost 2 to 9 per cent. The actual
final price cut will depend on the current tax structure and local body
taxes compared to new GST structure of each particular state. As
mentioned before the benefits will cover all Mercedes-Benz cars that are
currently made in India, and the list includes the - Mercedes-Benz CLA,
GLA, C-Class, E-Class, S-Class, GLC, GLE, GLS and Mercedes-Maybach S
500.
BMW is offering a lot more in addition to the GST benefits
Interestingly, Mercedes-Benz India isn’t the only carmaker who has
decided to offer customers such benefits. Many manufacturers are still
waiting for some more clarity on the new GST rates, while luxury
carmakers are trying to seize this opportunity to spice up the market by
announcing special benefits. BMW,
for instance, has announced a limited period offer which includes -
reduced rate of interest at 7.9 per cent, complimentary 3 years of
service and maintenance, assured buyback guarantee for up to four years
and one-year complimentary insurance; all in addition to the GST
benefits.
Price of the Jaguar XE (petrol) has gone down by 2.65 lakh
On the other hand, Jaguar Land Rover
(JLR) has slashed the prices of three of its models in India - the
Range Rover Evoque, Discovery Sport and the Jaguar XE sedan (petrol), by
up to ? 4 lakh. The revised prices of the the models are - Range
Rover Evoque - ? 45.85 lakh, Discovery Sport - ? 43.80 lakh and the
Jaguar XE sedan (petrol) - ? 37.25 lakh (all ex-showroom, Delhi).
27 May 2017, 06:36 AM