Higher taxes, other levies hurting luxury car sales; govt must address in Budget: Audi India head - Business News: Latest Share Market , Economy & Finance News | Trendmergers

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Higher taxes, other levies hurting luxury car sales; govt must address in Budget: Audi India head

"Luxury car sales are impacted by high GST rates, import duties and registration taxes, which is limiting the segment to a mere 1.2 per cent of the overall car market; when compared to other global markets," Audi India head Balbir Singh Dhillon said. He further said, "Every major luxury car player has de-grown in volumes during 2019."

from Industry-Economic Times
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