Luxury Cars Get Cheaper; Carmakers Pass On GST Benefit To Customers

Mercedes-Benz India today announced its plan to pass on the Goods and Service Tax (GST) benefits to customers by bringing down the transaction price of its cars. Prices of the entire 'Made in India' product portfolio of the company will go down by 4 per cent on a 'weighted average' with immediate effect. This translates into a reduction of ₹ 1.5 lakh to ₹ 7 lakh on the on-road price of all the Ind…