Where there is demand, there will be price increases in any area possible. This is clearly the case as luxury carmakers saturate the currently lucrative Asian exotic car market, which has paved the way to a government tax increase from 10% to 30%. What? A government demanding a larger slice of the profits (Note sarcasm)?
BMW Z4 Roadster India, now 20% higher?
The luxury car boom in India will now become more expensive, which isn’t likely to put it to a screeching halt anytime soon. The luxury car market’s Chinese women will continue to swipe credit cards for exotic cars, no matter what the taxes are. Those investing in luxury brands like Mercedes-Benz, Audi, Land Rover and BMW will simply have to dig deeper into their wallets for the privilege of ownership.
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