Will invest if 5% GST on EVs stays for 10 years: Mercedes-Benz

Mercedes-Benz will invest $500M in India’s EV market, conditional on maintaining a 5% GST for ten years. MD & CEO Santosh Iyer highlights charging infrastructure needs and carbon neutrality. New models include EQA SUV, EQS Maybach, G Class, aiming for six models if a business case is viable. Mercedes is one of the few global carmakers to have bet on electric mobility in India very early, and is working towards having a portfolio of six green cars.