Latest Updates Around The World
Ahead of Budget 2026, Santosh Iyer, Managing Director and CEO of Mercedes-Benz India, has called for rationalization of customs duties on imported luxury cars. He said this could boost demand in the premium segment and ultimately increase government tax revenues.Speaking to PTI, Iyer highlighted the challenges faced by luxury car makers due to rising input […]
Luxury cars have missed out on India’s 2025 passenger car boom, with sales growth slowing to the weakest pace since the pandemic, amid geopolitical uncertainties, volatile stock markets and cost pressures due to a weakening rupee.According to industry estimates, sales of luxury vehicles – priced above ₹50 lakh – will rise only 1.6% year-on-year to […]
Mercedes-Benz vehicles are set to become more expensive in India, with the company announcing a 2% price revision across its range. The price increase will take effect from January 1, 2026.The luxury car maker cited “ongoing currency volatility, rising input costs and ongoing logistics challenges” as reasons behind the price hike. In a statement, Mercedes-Benz […]
German luxury car maker BMW has generated more than a fifth of its sales from electric vehicles through September this calendar year, with almost half of demand for the company’s entry-level electric SUV coming from entry-level luxury car owners, indicating increasing adoption of e-mobility among buyers at the top end of the market. Hardeep Singh […]
New Delhi: A clear picture with regard to new GST rates at the earliest will help the overall car industry, including the luxury car segment, to regain momentum in the current quarterly, which usually sees improved sale due to the festive season. The powerful GST Council, chaired by Minister of Finance Nirmala Sitharaman, will meet […]
