Taxation slowing growth of luxury cars in India: Mercedes

India needs to review the overall taxation of premium luxury vehicles, which is slowing the growth of such vehicles in the country, said Martin Schwenk, MD & CEO, Mercedes-Benz India. “Duties, schemes, taxation is a massive burden… that is slowing the growth. So, we will have growth, but will not have exponential growth,” Mr. Schwenk … Read more