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Automobile Industry Analysis - archives of March 2013

201318 Mar

When the last Union budget was tabled, the Finance Minister and his advisors, in all their wisdom, decided to increase excise duties on SUVs by 3 % to 30 %, the logic being that they contribute to greater congestion on Indian roads, and also consume more fuel. Also, the bulk of SUVs on sale in Indian use diesel fuel, which is heavily subsidised by the government, hence justifying the increase in excise duty.

By Harmaan R A J Madon