Luxury car buyers lose most GST 2.0 benefits as Mercedes, BMW and Audi raise prices

Luxury carmakers such as Mercedes-Benz, BMW, and Audi have increased vehicle prices after a GST cut. The price hikes are a response to rising input costs and a weakened rupee against major currencies. Despite this, luxury car sales in India are projected to grow by about 11% by 2026. This growth trails the broader Indian passenger vehicle market, which is estimated to advance 13-14% this year.