GST rejig spooks plans of German luxury car makers
/5 min read
ADVERTISEMENT
Rahil Ansari of Audi India, Roland Folger of Mercedes-Benz India, and BMW Group India’s Vikram Pawah talk about implications of a hike in total tax incidence on luxury cars
Rahil Ansari, head, Audi India, Roland Folger, managing director and chief executive officer, Mercedes-Benz, and Vikram Pawah, president, BMW Group India.
Of all
the segments we are in, SUVs have outpaced the others. However, our
best-seller remains the E-Class sedan.
Roland
Folger, MD and CEO, Mercedes-Benz India.
The Audi Q3 and Audi A3 Sedan saw the start of the
entry-level luxury category, and together contribute between 30%- 35%
percent of total sales.
Rahil
Ansari, head, Audi India
Over
a longer term we see that the 5 series has accounted for almost 30% of our total
sales.
Vikram
Pawah, president, BMW Group India
Fortune India is now on WhatsApp! Get the latest updates from the world of business and economy delivered straight to your phone. Subscribe now.
Fortune India Latest Edition is Out Now!
October 2025
As India’s growth story gains momentum and the number of billionaires rises, the country’s luxury market is seeing a boom like never before, with the taste for luxury moving beyond the metros. From high-end watches and jewellery to lavish residences and luxurious holidays, Indians are splurging like never before. Storied luxury brands are rushing in to satiate this demand, often roping in Indian celebs as ambassadors.
Read Now