mercedes-benz india: Budget should aim long-term holistic growth for auto industry: Mercedes-Benz India
“With stable policies and a clear road map for the sector, an accelerated growth can be achieved transitioning the industry swiftly into the emerging e-mobility era, putting the Indian auto industry on the global map,” Mercedes-Benz India Managing Director and CEO Martin Schwenk said in a statement.
The Pune-based automaker also sought changes in the existing taxation structure.
“A re-look into the existing taxation structure with a clear focus on the direct tax changes to boost consumption, export promotion, direct job creation and promotion of digitisation is highly desired,” Schwenk noted.
Continued government spending on infrastructure projects will further propel the demand for both passenger and commercial vehicles, he added.
Earlier this month, Schwenk had noted that high prices remain an impediment to the growth of the luxury car segment in India.