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In a recommendation sent by Petroleum Ministry to the Finance Ministry on India, it has been recommended to levy additional excise duty on diesel cars in India in budget of year 2012-13 so as to reduce the demand for Diesel cars in India and this reduce the consumption of Diesel fuel in passenger cars....
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After the sharp petrol price increases in past two years, the balance between petrol and diesel car sales have tuned upside down. Most small car buyers are looking for affordable diesel cars to keep the running costs low. There is a huge difference in priding of Petrol and Diesel in India. Also read –...
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If you are planning to buy a Diesel Engine car in Delhi, be ready to shell out some extra money for taxes. Diesel cars in Delhi are already taxed higher than the petrol engine cars, but with the new announcement in the Delhi State budget, Diesel engine cars will now pay 25% extra levy...
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The Indian Union Budget of 2011 has upset the Indian automobile market quite well with the definition change of the CKD (completely knocked down units) to SKD (semi-knocked down units) which was later clarified by the Govt. of India. The change of definition brought a wave of unrest among the automakers who import their...
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The CKD unit excise duty confusion has been finally cleared by the Indian Government and has redefined it. Earlier there was a lot of confusion regarding the duty that will be attracted by car components being imported by expensive automakers such as BMW, Mercedes-Benz and Audi, which now is completely transparent from the government’s...
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Many car makers in India, especially the International players like Volkswagen, BMW, Mercedes Benz, Toyota etc.. import their cars in CKD or completely knocked down unit. This reduces their cost of manufacturing in India and gives them a cost advantage over importing the whole car as a CBU which attracts huge duties. But things...
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