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Mercedes-Benz slashes price of its vehicles

German automobile manufacturer, Mercedes-Benz on Friday announced that it had slashed the prices of its vehicles produced in India by up to Rs 7 lakh. The company has announced that the price cut was made to pass on benefits of new tax rate under GST. However, the company has also announced that the company would revert the price if GST is not rolled out by July 1, 2017.

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