Luxury cars get cheaper as makers line up models

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India has become a top-rated destination for luxury car production, as it plays host to Jaguar Land Rover, Mercedes-Benz, BMW and Audi. All of these added a string of models to their production lines.

About two dozen luxury car lines get assembled in India of the marquee German and British brands, some of which are not produced anywhere else but in their home country.

The increased localisation has led to a reduction of Rs 2 lakh to Rs 90 lakh in their sticker price, due to lower taxes. Most of these products were brought to India as a completely built unit (CBU) from their home country, Germany or the UK, which led to doubling of their rates.

News from:- http://www.business-standard.com/article/companies/luxury-cars-get-cheaper-as-makers-line-up-models-115113000780_1.html

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