MUMBAI – The Indian government’s budget for fiscal 2012-2013 restructures taxes that have raised the cost of light vehicles in the market and takes small steps to promote alternative fuels and skills development within the auto industry. Auto makers here are heaving a sigh of relief that the budget does not levy the widely feared deterrent diesel tax on vehicles or fuels. As the tax measures were being presented to the Parliament, shares of major diesel-vehicle makers ...

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