Excise Duty cut prices on Indian Automobile sector

It’s good news for Indian Automobile industry and buyers in 2014, because the Indian cars and bikes now would be cheaper according to new interim budget 2014 on Excise Duty. The Union Finance Minister P. Chidambaram announces to reduce central excise duty on Indian automobile industry in the interim budget 2014 because of sluggish growth. … Read More Excise Duty cut prices on Indian Automobile sector

Mercedes price hike from Jan 2013

Mercedes-Benz India will increase prices of all its models and will be effective from January, 2013. A constant increase in input costs and unfavorable exchange rates coupled with inflation has posed severe strain on margins. Mr. Eberhard Kern, Managing Director & CEO, Mercedes-Benz India commented, “Significant level of cost escalations have been absorbed by us… Read More Mercedes price hike from Jan 2013