Post budget reaction from Eberhard Kern, MD and CEO, Mercedes-Benz India-
“The commitment to infrastructure, announcement of GST with a specific timeline and a simplified tax structure greatly enhances ease of doing business in India. These positive steps will simulate growth and should indirectly help the automotive market. It is crucial now that these measures are implemented within the next 12 – 18 months to accrue desired results. Mercedes-Benz has already committed to the “Make in India” campaign investing a total of 1,000 crores in its manufacturing facility and has the largest installed capacity in the luxury car segment.”
