MUMBAI – India’s finance minister puts to rest auto industry fears of a government rollback on three years of tax incentives during his recent 2011-2012 financial-year presentation. He also takes a strategic step forward to promote green and clean transportation by bringing together all the stakeholders in his National Mission for Electric, Hybrid and Other Alternative Fuel Vehicles. In an effort to keep the industry growing, the existing excise-duty on small cars of 10% and larger cars ...
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