Business Standard
The ceasefire in West Asia is expected to help lift market sentiments in India, making luxury car customers who held back purchases to come back to showrooms to take deliveries, according to top officials of Mercedes-Benz, BMW Group and Audi in the country. Having resorted to stocking up of parts and kits, the luxury carmakers hope that the pressure on supply chain will be eased while looking forward to a return to normalcy at the earliest. "The ceasefire has come at the right time, and it is very important from a luxury buyer viewpoint because lot of our customers are dependent on how things are panning out in international market," BMW Group India President and CEO Hardeep Singh Brar told PTI. It is very important that this issue is put to rest, he said, adding,"If this issue is over, we expect a lot of customers who held back their purchases in quarter one to come back and go for higher purchases." Expressing similar views, Mercedes-Benz India Managing Director & CEO Santosh ...
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