A West Asia ceasefire is expected to revive India’s luxury car market as executives at Mercedes-Benz, BMW Group, and Audi say customers who postponed purchases plan to return to showrooms. Companies have also pre-stocked parts to protect supply chains. With sentiment set to improve, sales are likely to strengthen in the coming months.
India’s GST Council has overhauled automobile taxation, replacing the old four-tier structure with a two-tier model by scrapping the Compensation Cess and increasing the base GST rate to 40%. The reform is meant to simplify compliance and rates, but uncertainty persists around how existing cess credits will be handled and whether consumers will actually see lower prices.
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