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Published byBrian Newton Modified over 8 years ago
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29. Feb. 2012
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“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
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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
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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.
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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
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