Auto Budget 2016: Taxing the luxury cars will be deterrent for the growth of the industry, says Mercedes-Benz

Expressing his reaction over the Union Budget 2016,  Roland Folger, managing director & CEO, Mercedes-Benz India, said, “Development of the agrarian sector emerged as the key priority in this year’s budget, which is positive for the Indian economy. The budget portrays a steady fiscal picture with considerable spending on infrastructure and rural development, which is laudable. However, taxing the luxury cars will be deterrent for the growth of the industry. We...

Updated Date: Feb 29, 2016 19:10 PM

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