INDIA BUDGET-Auto parts cos relieved by mild excise rollback

Newswire

* Hike in excise duty lower than expected * Increase in personal tax limit a positive * Auto index surges more than 4 percent after speech By Aniruddha Basu MUMBAI, Feb 26 (Reuters) - Auto parts makers heaved a sigh of relief after the finance minister announced a lower-than- expected rollback of an excise duty cut and did not raise service tax, industry officials and analysts said on Friday. "It's a good budget. It was a tightrope walk for the finance minister. He has tried to ...

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