'GST Regime Not Conducive to Auto Sales, Long Shot to Expect Any Rationalisation'

An industry that’s been struggling for several quarters now seems to have found an unlikely outlier. Mercedes-Benz India delivered record cars during the festive period of Navratri and Dussehra. The company delivered 550 Mercedes-Benz to customers - Delhi alone saw 175 units delivered, while Mumbai and Gujarat emerged as other key markets.

In a free-wheeling chat with Mitali Mukherjee, Martin Schwenk. Managing Director & CEO, Mercedes-Benz India Pvt Ltd. said the company was quite optimistic about sales for the Dhanteras – Diwali period as well, and expected sales in October to be 25% higher than September figures.

He also said that North India was picking up traction, even as he warned that things were not ‘normal’ yet and he didn’t expect the next year to see a normalisation of trends either.

On the contentious GST issue, that has seen much debate in the Auto Sector Mr Schwenk said it was an extremely long shot to expect any rationalisation in the GST structure.

He pointed out that the current tax regime was not conducive to sales; Mercedes Benz attracts GST of between 48 -50% and an additional 20% for road taxes.

However, Mr Schwenk said he believed the passenger vehicle industry was witnessing a pick up as the need for a reliable personal vehicle is now, even as 2 wheeler sales are struggling – perhaps a sign of how different economic sections of the country are feeling the impact of a slowdown.

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[smellythejelly]

Great interview. People interested in markets, financial growth, economy will find this interesting.

[bombaybaba]

The Wire. Keep fighting the good fight. These trolls never mattered and never will. I love the economic segment that Mitali does. Power to you Madam.

[Abhi-hjvh]

Shantipriya samuday ki pehrokari karnewale channel pe Mercedes ke video pe kam views hai shayad hero cycle ke ceo aajmana padega😂😂😂

[sarabjitsingh]

What is amazing is confidence of people to invest, spend when the current and future are both bleak. I for one do not ustd the Indian psyche. Markets are full. Amazing.

[sarabjitsingh]

why 4 wheelers are selling and why not 2 wheelers ?

[suyogambhore]

We need better roads (potholes free and especially with a long life), and better fuel taxation.
There is too much tax on fuels while international prices of crude oil is dipping.

[harshsysnet]

Koi librandu kuch bolna chahega jo aaj Arnab Goswami par attack hua hai, nahi bolenge, is ka nateeja ye nikalega Arnab goswami ek national hero ban jayega, ban kya jayega, ban chuka hai, thanks liberandoos 👏👏👏👏

[azad]

Most of the people in comments seems to be worried about development 1000s of kms away, its just mind diverting lobby. No mention of real issues prevailing here with us.

[druditgangwar]

विषय- उत्तरप्रदेश के MBBS intern doctors का stipend बढ़ोतरी के संबंध में
कोविड-19 महामारी के दौर में भी उत्तरप्रदेश के समस्त इंटर्न चिकित्सक उत्तरप्रदेश की जनता के उत्तम स्वास्थ्य के लिए अपनी पूर्ण ईमानदारी और निष्ठा से प्रतिदिन 12-14 घंटे चिकित्सा सेवायें दे रहे हैं। समस्या इस प्रकार है कि उत्तरप्रदेश के अंदर MBBS Internship के चिकित्सकों को मिलने वाला मासिक मानदेय ₹7500 है जोकि ₹250 प्रतिदिन बैठता है जोकि एक दिहाड़ी मजदूर से भी कम है इतने में तो एक N95 मास्क तक नहीं मिलता। हमें मिलने वाला मानदेय हमारे कार्य के अनुरूप एवं अन्य राज्यों के सापेक्ष जैसा कि असम में ₹31500, कर्नाटक में ₹30000, पश्चिम बंगाल में ₹28050 व केंद्र के अधीन आने वाले मेडिकल कालेजों में ₹23500 से बहुत ही कम है। इतने पैसों में हम MBBS Internship के चिकित्सक इस माहमारी एवं महंगाई के दौर में अपनी दैनिक आवश्यताओं की पूर्ति किसी भी रूप में नहीं कर पा रहे हैं। पिछले कई महीनों से हम लोग सोशल मीडिया व अन्य माध्यमों से पत्राचार व वीडियो जारी करके सरकार से मानदेय में बढ़ोतरी के मांग कर रहे हैं परंतु अभी तक शासन द्वारा हमारी मांगो पर किसी भी प्रकार की कोई संतोषजनक कार्यवाही नहीं कि गयी है। सातवें वेतन आयोग के अनुसार किसी भी सरकारी कर्मचारी का न्यूनतम वेतन प्रतिमाह ₹18000 होना चाहिए।
पिछले 10 वर्षों से Medical Interns के मानदेय में कोई बढ़ोतरी नहीं कि गयी है। हमें प्रतिमाह लगभग ₹1000 होस्टल शुल्क, ₹3000 मेस शुल्क चुकाना पड़ता है बाकी के पैसों से हमें मेडिकल की किताबें भी खरीदनी होती हैं जोकि काफी मँहगी मिलती हैं, चूँकि हमें NEET PG की तैयारी भी करनी होती है।

कोई भी news media channel हमारे मुद्दे को नहीं दिखा रहा है।

हमें उम्मीद है कि आप हमारी समस्याओं से जनता और प्रशासन को अवगत कराएंगे।

सधन्यवाद
🙏🏻🙏🏻

[Surajkumar-vqng]

This show how cheap, feared and 3rd rate channel wire is....
Ek bhi news nhi diya banglasehi attak or pakistaan attak on hindu and christain minority....
Aankh hote hue bhi jo andhe bante hai unko kya boli...gaali bhi kam padegi in besharmo ke liye...

[mahendrasinghshaktawat]

Are wo manik dua kha h mee too kand ka doshi...Wo dikh ni ra aj kal es channel par phle to logo ki bhut buraiya krta tha yha....Acha wo mile to khna kese ho chacha Bsdk... Mirjapur wale....Munna bhaiya ne yd kiya h

[Surajkumar-vqng]

Post news on bangladesh attak on hindu minority

[freelife]

Modiji ne kiya hoga to kuch soch samaj kar kiya hoga

[freelife]

Martin Schwenk is an anti-national. Lets kick him out. Jai Modi, Jai Shree Ram.

[azad]

Most of the people in comments seems to be worried about development 1000s of kms away, its just mind diverting lobby. No mention of real issues prevailing here with us.