Mercedes cuts prices of locally-assembled models

Mercedes has announced a revision in pricing of all its locally-assembled models on sale in India. The automaker says that it has lowered the prices of its models to pass on the benefits of the upcoming GST rates to customers with immediate effect.

Mercedes says that the drop in prices ranges between 2 percent and 9 percent depending on the different tax structures and local body taxes currently in effect in various states across the country. As per a source, the revision in pricing is set to range from Rs 1.2 lakh for the automaker’s smallest locally-assembled models such as the CLA to Rs 7 lakh for models such as the Mercedes-Maybach S500. Official prices will be released tomorrow.

While GST is yet to be rolled out, the early price-cut has come before may be to keep sales going as buyers otherwise would be hesitant to purchase this month since luxury cars are expected to get affordable under the uniform tax structure. Sources indicate that these new rates for Merc's locally-assembled cars are transitional and will be in effect only until the official implementation of GST in July.