Budget 2016 : Maruti tumbles after cess increase on small gasoline cars

Arun Jaitley announced an infrastructure cess on cars, SUVs, diesel vehicles. BSE Auto Index drops 1.78% to 15738.79 points.

Maruti Suzuki after Union Budget's announcement of 1% increase on cess for small gasoline cars, tumbled 3.31% to Rs.3296.30.

Arun Jaitley announced Infrastructure cess on cars, SUVs, and diesel vehicles. BSE Auto Index drops 1.78% to 15738.79 points.

Sensex crashes over 600 points and Nifty down over 200 points on Budget taxation proposals.