Pay more for cars, bikes

Car buyers would have to shell out more for their choice of vehicles, as Finance Minister Pranab Mukherjee proposed to raise the excise duty on small and large vehicles to its highest level in nearly four years, while also refraining from laying additional tax on diesel-driven vehicles.

Prices of all cars (compacts and sedans), utility vehicles (sports, multi-utlity and vans), commercial vehicles and two-wheeler is slated to rise by a minimum two per cent. The central excise duty has been enhanced by two percentage points to 12 per cent to 10 per cent.

Images: Bollywood actress Katrina Kaif poses with Audi's new SUV Q3 car during India's Auto Expo

Text: Business Standard