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Union budget 2015 car rates

union budget 2015 car rates

Tata Motors, in an official statement, Tata Motors announced to increase the prices of its entire model from Rs 2,000 to Rs 35,000 with immediate effect.
February 25, Union Budget- Will it include a new Excise Duty structure?
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This is in line with the 'Make in India' initiative launched by the government and would encourage local manufacturing of commercial vehicles in the country, he added.
Hyundai India, prices of entire Hyundai lineup have gone up ranging from Rs 2,889 to Rs 82,90 with immediate effect.The new taxes have affected the prices of entire Mahindra model range in the country.February 27, 2015, union Budget and Auto Loans The game of EMIs.NEW delhi: In order to push local manufacturing, finance minister Arun Jaitley on Saturday increased effective tariff rate on imported commercial vehicles from 10 per cent red hot buffet leeds menu prices to 20 per cent, making the import of completely built units expensive.Ex-showroom prices of Mercedes-Benz cars will promo code for airline go up in the range of 3 to 5 per cent.The price hike for luxury cars above Rs 10 lakh is set to run into lakhs of rupees.The above move, which comes at a time when the auto sector is grappling with weak demand, is likely to drive up prices of passenger vehicles under-Rs 10 lakh mark by Rs 2,500 to Rs 40,000.Save for its hybrid cars, Ciaz shvs and Ertiga shvs, ex-showroom prices of all Maruti Suzuki cars will increase in the range of Rs 1,441 to Rs 34,494.Top News, reacting to the new taxes announced by the Finance Minister in the Union Budget 2016, all the car makers are gradually increasing prices of their cars.While Maruti Suzuki India, Hyundai and Tata Motors have announced to increase the prices with immediate effect, Mahindra Mahindra will hike the prices from April 1 onwards.

"We welcome this move of the government to hike tariff duty on commercial vehicles from 10 per cent to 20 per cent.
Surprisingly, the government has also included CNG and LPG cars under the new taxation policy.
Blurb, on income above Rs 2,50,001 to 5,00,000, 10 per cent income tax is imposed.
The newly added taxes have affected entire Honda lineup from Brio to CR-V.Auto industry officials expressed disappointment over the proposed move and said it could be a deterrent to sales and industry growth prospects.February 27, 2015, understand the economics of India and what Arun Jaitely can put on the table for cars.The minister, however, said that additional 2 per cent surcharge will be implemented on people earning over Rs 1 crore.February 23, Union Budget - Expectations of Automobile industry.Rs 31,112 - 60,015, maruti Baleno, rs 5,11,000 - 8,16,000 1-2.5.Rs 4,738 - 13,356, wagon R(including Stingray rs 3,76,405 - 5,34,241 1-2.5.Kpmg India's, Partner, Infrastructure and Government Services, Jaijit Bhattacharya said the tariff rate hike can can potentially be absorbed by truckers as the fuel costs have come down and the competing railways freight charges have gone.Rs 2,583 - 10,290, maruti Dzire, rs 5,23,000 - 8,39,743 1-2.5.