The Indian car industry has seen a major drop in demand in February 2013. This is the steepest dip in sales during the current financial year.
SIAM- the central body of Indian automobile manufacturers have decided to ask India’s fianance minister, Mr P Chidambaram for a roll-back on excise duty hike levied on SUVs under Budget 2013.
Thanks to Budget 2013, SUV sales are to be largely affected as prices of the likes of Mahindra XUV500, Scorpio, Toyota Innova could go up by as much as 60,000.
After Audi India and Ford India expressed their displeasure, SIAM- Society of Indian Automobile Manufacturers has welcomed the Union Budget 2013. On the other hand, GM India has joined Audi and Ford in expressing its disappointment with Budget 2013
Heads from Audi and Ford have expressed their displeasure over the union budget 2013, which was revealed earlier today by finance minister P Chidambaram. Both Ford and Audi has released a statement expressing their displeasure over the budget 2013.
Union Budget 2013 was revealed today by Finance Minister P Chidambaram. In brief, the 2013 budget will affect prices of SUV’s and fully built cars and motorcycles.
