SIAM recently submitted its plea to the government to reduce excise duty to 20 per cent in place of 30 per cent(current duty) on large cars and SUVs.
With the upcoming budget, every industry is putting forth their expecations to the Finance Minister. Auto Industry can't be far behind. The industry, which has been reeling under pressure from the diesel ban is expecting incentives for electric vehicles, reduction in excise duty and proper policy for scrapping old vehicles in the upcoming Union Budget.
One of the industry's top CEOs has suggested government on giving incentives for Electric vehicles like free parking, no transport and value added taxes. The governement should also consider scrapping permit requirements for e-autorickshaws, he added. This will lead to increase in awareness as well as sales of electric vehicles, aided by such concessions.
SIAM, recently submitted its plea to the government to reduce excise duty to 20 per cent in place of 30 per cent(current duty) on large cars and SUVs. The auto industry regulatory body has also requested the Finance Minister Arun Jaitley to launch an incentive scheme for scrapping old vehicles.
One of the industry's top CEOs has suggested government on giving incentives for Electric vehicles like free parking, no transport and value added taxes. The governement should also consider scrapping permit requirements for e-autorickshaws, he added. This will lead to increase in awareness as well as sales of electric vehicles, aided by such concessions.
SIAM, recently submitted its plea to the government to reduce excise duty to 20 per cent in place of 30 per cent(current duty) on large cars and SUVs. The auto industry regulatory body has also requested the Finance Minister Arun Jaitley to launch an incentive scheme for scrapping old vehicles.
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