Luxury carmakers step up sops to boost sales ahead of GST

[Source”cnbc”]

At Mercedes-Benz, the price revision will be effective immediately on nine models assembled in India — CLA, GLA, C-Class, E-Class, S-Class, GLC, GLE, GLS and Maybach.

NEW DELHI: This could be one of the best times to bring home your favourite luxury car. A Maybach, one of the most luxurious cars in the Mercedes-Benz line-up, will be in your garage for as much as Rs 7 lakh less compared with few days earlier if yo ..
The companies want to lure prospective buyers who could delay purchases expecting a price cut when GST comes into effect on July 1. That could hurt sales in the interim. Mercedes-Benz on Thursday cut the price of the entire range of ‘Made in India’ vehicles by an average 4% to cover the difference between the current ex-showroom prices and the expected price after the GST rollout.

Fellow German firm BMW has a slew of benefits on offer since May 19. Apart from the price benefits in a ..
[Source”cnbc”]