May 3, 2013: The 3 percent additional excise duty, after the Union Budget 2013-14, seems to have had a negative impact on the SUV market in India. According to Mahindra & Mahindra, the sales of SUVs which attract the additional 3 percent excise duty have dropped by 14 percent in April 2013, as compared to April 2012.
03 May 2013 | 2549 Views | By Autocar Pro News Desk
May 3, 2013: The 3 percent additional excise duty, after the Union Budget 2013-14, seems to have had a negative impact on the SUV market in India. According to Mahindra & Mahindra, the sales of SUVs which attract the additional 3 percent excise duty have dropped by 14 percent in ...
This is an Autocar Pro Plus article. Subscribe to continue reading.