Saturday, March 01, 2014
By Kamal Swami

No price cut by many auto companies due to decline in excise duty
Several carmakers have not fully passed on the recent cut in excise tax to customers, citing rising input costs and a large unsold stock as the factors pulling them back. This comes as a surprise as the duty reduction was offered in response to the industry's demand for government support to help push up sales which have been on a downhill.... [Read More]