Auto 2016

Budget 2016: Auto sector wants excise on large cars to be reduced to 20%

Currently, small cars that are less than four meters in length attract excise duty of 12.5 percent, while cars with more than four meters length but with engine of less than 1,500 cc capacity attract a duty of 24 percent.

Budget 2016: Road Min seeks 'end of life' policy for old vehicles in Budget

An 'end of life' policy may be announced in the Budget that may include a rebate of at least 50 per cent in excise duty on new vehicles for buyers who surrender their polluting old ones.

Budget 2016: 'Highly taxed' auto industry seeks relief in Budget

Stating that the automotive industry in India is "highly taxed" with levies accounting for up to 77 per cent on cost, SIAM has asked the government to merge multiple taxes into a single excise duty