Auto Budget

  • Budget 2013: PwC expects some relief for ailing autos February 22, 2013

    "The Union Budget is less than two weeks away and the automotive industry is hoping that it will signal good news for the sector. Leading the wish list is a road map on the government's much-delayed plans for implementing GST. The industry expects that, after this budget, India will finally...
  • Budget 2013: Measures keenly expected for various sectors February 22, 2013

    The Union Budget for 2013-14 has lot of expectations from the Finance Minister more so since the last 4 - 5 months have seen some bold measures in the oil& gas space, FDI, ECB borrowings relaxation for corporates,etc. Some measures which will be keenly expected are as follows:- 1. Relief...
  • Budget: Impact of diesel vehicle tax on Maruti Suzuki March 15, 2012

    With the Budget 2012 around the corner, we reiterate that the proposed tax on diesel vehicles as per the Kirit Parikh Committee Report can have a significant impact on the domestic passenger car industry, possibly warranting total change in growth estimates. Maruti Suzuki has a high exposure to diesel cars...
  • Budget 2012: Will govt tax diesel vehicles? March 13, 2012

    Finance Minister Pranab Mukherjee will announce the Union Budget on March 16 and the auto sector will be keenly tuned in for any helping hand from the government to push up slowing sales, and will also look for clarity on issues like a possible tax on diesel cars. Several experts have...
  • Budget 2012: Auto sector needs a smooth, long drive March 12, 2012

    The Union Budget of 2012-13 will be announced at a time when the economy is in the midst of an imminent slowdown, with the GDP growth reported at a 3 year low of 6.1% in Q3 of 2011-12. While the target the fiscal deficit for the year 2012 has...
  • Budget: Need a clear road map for GST, says M&M President March 12, 2012

    Mahindra & Mahindra President Pawan Goenka believes that the Good and Service Tax (GST) is the biggest growth driver. ...
  • Budget 2012: Slowdown bug catching two-wheelers too? March 9, 2012

    After a strong growth over the last two years, two-wheeler sales seem to have hit speed bumps. Inventories are piling up at dealers and analysts warn of subdued growth going ahead. "Although the year-on-year volume growth of the industry remained in double digits, the pace of growth during the third quarter...
  • Ford, Renault oppose additional duty on diesel cars March 9, 2012

    New Delhi: Ahead of presentation of Budget for 2012-13, automobile makers like Ford and Renault are raising their voice against imposition of any additional duty on diesel vehicles that has been demanded by many quarters. As the government gets ready with the Budget, there has been speculation that higher taxes could...
  • Dual diesel pricing not feasible for now: Praful March 9, 2012

    New Delhi: Union heavy industries minister Praful Patel is batting for the auto manufacturers on the diesel duty proposal. The Indian auto manufactures, specifically the diesel auto manufacturers, are concerned about an additional excise duty on diesel cars in Union Budget. Speaking to CNBC-TV18, Patel said dual diesel pricing is...
  • Budget: DHI seeks Rs 1,000-cr for auto parts sector March 9, 2012

    New Delhi: The Department of Heavy Industry (DHI) has demanded Rs 1,000-crore corpus in the next Budget to fund technology upgradation of the auto components industry to make the sector globally competitive. "We have asked for Rs 1,000-crore technology fund creation. It can be a revolving kind of fund. People can...