We covered the Budget 2012’s impact on the Auto Sector and what could impact you as a consumer. Here is a compilation of all the articles. 1. No Extra Tax on Diesel – Rejoice! Everyone welcomed this decision of the government of not raising or levying extra duty on diesel-run vehicles. 2. Excise Duty … Read more
Are you planning to buy a diesel car shortly? Were you afraid of the speculations about ‘Diesel Tax’ to be imposed on diesel engine powered cars earlier? Well, now you can relax. Our honorable Finance Minister, Mr. Pranab Mukherjee has announced the Union Budget 2012 in front of the parliament and there are no extra … Read more
As we have already discussed that excise duties have seen an increment for all the cars present in the market. Also, duties on steel have been incremented by 2% to 7%. As a result all the manufacturers have signaled or have already increased prices of their cars: Price Hike by Various Manufacturers: Toyota: INR 9,500 … Read more
One of the most prominent news among many positive and negative impacts of Budget 2012 has to be this: NO EXTRA TAXATION ON DIESEL VEHICLES! With the shifting balance of an auto buyer to Diesel, it has caused a lot of flatter among the think tanks. For many cars which have both the … Read more