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Home > Business > Budget 2006 - 2007 > Report
Small cars to be cheaper
February 28, 2006 12:45 IST
In a major boost to the automobile industry, the Finanace minister on Tuesday cut the excise duty on small cars from 24% to 16%. Specifying the dimensions, the FM said, the car's lehgt should not exceed 4000 mm. It will be applicable for 1500 cc diesel cars and 1200 cc for petrol cars.
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Sub: Welcome news.
Good news for those who are keen to upgrade from 2w to 4w.
Posted by chanakya
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