2012 News Maker: Pranab Mukherjee

With Mukherjee’s decision to up CBU import duties, all the luxury car manufacturers are looking at local assembly for their upcoming products.

21 Dec 2012 | 2594 Views | By Autocar Pro News Desk

He is now India’s first citizen, president of the republic but as finance minister, he had the luxury car sector more than a tad worried. In his last Union Budget, presented to parliament in February 2012, Mukherjee increased the customs duty on completely-built-units or CBUs from 60 percent to 75 ...

This is an Autocar Pro Plus article. Subscribe to continue reading.

Copyright © 2025 Autocar Professional. All Rights Reserved.