29. Feb. 2012

 “This is not the time to impose a tax on diesel vehicles, given the sluggish growth of the auto industry in the last year.”  Produce both diesel and petrol engines simultaneously, gave the company greater flexibility to cope with changes in demand  a wider impact on industrial output

 company sold about 1.11 lakh vehicles in 2011  “High interest rates have been a factor in hampering growth in 2011,” he said.  Ford, Renault oppose additional duty on diesel cars  Nissan has invested Rs 4,500 crore at its Chennai plant

 Diesel cars comprise 36 percent of new car sales in India  An additional duty of up to Rs 1.62 lakh on big diesel cars.  subsidies on diesel must be restricted only to agriculture and transport sectors.

 Forty per cent of the cars sold in the country are now powered by diesel.  Sales of Medium & Heavy Commercial Vehicles declined by 1.66 percent  diesel cars are already half of all car sales.  Cheap diesel worsening the public health