The Indian automotive industry heaved a sigh of relief when the Budget passed last fortnight did not hike excise duties as it was widely expected to. That is understandable. The Indian auto sector has benefited from the current 10 percent excise duty that is levied on small cars. It is arguably the single most important decision that has enabled India to transform itself into a small car hub. An increase in excise duties would have led to higher car prices and likely affected sales.
05 Apr 2011 | 7274 Views | By Autocar Pro News Desk
The Indian automotive industry heaved a sigh of relief when the Budget passed last fortnight did not hike excise duties as it was widely expected to. That is understandable. The Indian auto sector has benefited from the current 10 percent excise duty that is levied on small cars. It is ...
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