Mercedes-Benz India Calls for Customs Duty Rationalisation to Boost Luxury Car Demand

Mercedes-Benz India CEO Santosh Iyer has urged the government to rationalise customs duties on imported luxury cars, suggesting a unified slab could boost demand and increase tax revenues. He highlighted that only 5-8% of their sales are affected by these duties. Iyer also emphasized the need for stable macroeconomic policies and fiscal management to curb rupee depreciation, which has led to price hikes. Additionally, improved road infrastructure was noted as important for premium car demand growth.