MUMBAI, Feb 29 (Reuters) - Shares in Indian vehicle makers rose on Friday on proposals to cut excise duties in the federal budget for the fiscal year 2008/2009. The sector index rose as much as 1.9 percent to 4,920.39 on the proposed tax reductions. The finance minister proposed to cut excise duties on buses and chassis to 12 percent from 16 percent, and on small cars to 12 percent from 16 percent. He also cut duty on hybrid cars to 14 percent from 24 percent. Shares in top car maker ...
Premium Content (PAID Subscription Required)
"India's auto index rises 1.9 pct on tax cut plans" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: email@example.com or phone: (248) 799-2642