The government says the new rates should garner $11 million in revenue. However, the purpose of the increase is not so much to raise money, as it is to discourage a concentration of vehicles on Delhi roads. Some 12% of all vehicles in India are registered in Delhi, more than the combined sum found in Mumbai, Calcutta, Chennai and Bangalore. Domestic auto makers, as expected, are not keen on the idea. B.V.R Subbu, president of Hyundai Motor India Ltd., says he is not convinced the move ...
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