The effective price drop of the -made-in-India’ Mercedez Benz and BMW cars is due to the GST implementation
Mercedes-Benz and BMW Luxury Cars maker’s are soon going to provide ‘made in India’ portfolio luxury car at cheaper rates. In Real, it will be now roughly 4% cheaper for all those models which are locally assembled in India that are because of the benefit of new goods and service tax (GST) applicable on luxury cars to the customer.
If you are the one planning to go out for the Vacation or on a long drive in your new luxury car then it could be the best time for you to buy luxury cars in India as carmakers Mercedes-Benz and BMW have reduced their prices even before the implementation of GST bill.
“The price revision on a weighted average of 4% will be effective immediately, and is aimed at providing value to a customer’s purchase decision before GST implementation,” the company said in a statement.
Well, if you are wondering how much the benefit you’ll get from GST then let me tell you the effective price drop will be between Rs 1.4 lakh and Rs 7 lakh.
Under the new tax regime slated to be rolled out on July 1, while the luxury vehicles base rate for automobiles has been set to 28% GST, luxury cars will still be cheaper under GST at 43 percent than the current rates ranging between 47-53 percent, depending on rates charged by states.
Remember, It’s only applicable on ‘made-in-India’ models such as the CLA, GLA, C-Class, E-Class, S-Class, GLC, GLE, GLS and Mercedes-Maybach S 500, which are priced between Rs 32 lakh and Rs 1.87 crore when we talk about Mercedes-Benz Series. While BMW makes the 5 series, 7 series, X5 to name a few at its Chennai-based plant. So which one you are planning to buy? Comment below