India Inc reacts to Budget 2012
Very dissapointing budget: Mercedes Benz India
"The Budget is very disappointing for us. We were hoping for some reduction in taxes for large vehicles instead of hiking it further," Mercedes Benz India Director (Corporate Affairs and HR) Suhas Kadlaskar said.
The premium car makers usually bring in advanced technology in to the country and this step will be very counter productive, he added.
"We are going to pass on the additional burden to customers. We have not decided the exact amount yet, but on an average it will vary between Rs 2 lakh and Rs 3 lakh," Kadlaskar said.
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