Auto budget 2016: Government has not announced any positive initiatives for the industry, says Audi India

The budget presents a transformative agenda with clear-cut focus on initiatives for farmers, rural sector and infrastructure development. However, it negatively impacts the automobile industry. We are disappointed that the industry’s demand on reducing excise duty has not been addressed. On the contrary, one per cent Infra cess on Petrol, CNG, LPG cars, 2.5 per cent on small diesel cars and four per cent on bigger diesel cars and SUVs has been added which will further affect the price and consequently demand. Also, we need to evaluate the...

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Updated Date: Feb 29, 2016 15:53:27 IST

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