AutoPundit : Indian automobile news and reviews » Mid-Size, Executive cars, MUV and SUV tax hiked.

Mid-Size, Executive cars, MUV and SUV tax hiked.

Its a firm move by the government inorder to make people realize the importance of fuel price hike. The Govt. imposed a stiff and additional excise duty of about Rs. 15,000 on Mid-size cars, MUVs and SUVs these are vehicles above 1500cc-1999cc engine capacity. So cars like Maruti SX4, Hyundai Verna, Renault Logan are going up by 15,000 each.
Excise duty of upto 20,000 will be imposed on larger cars like Honda Civic, Tata Safari, Sumo, Mahinra Scorpio, Bolero, Toyota Innova and laxury cars like BMW, Mercedes and skoda’s.

As per the new duty structure, prices of small cars like Maruti 800, Alto, WagonR, Hyundai Santro, i10 and TATA indica will remain unchanged.