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Ram_NP · 28th February 2007, 21:04

As the budget has not given any major concession to the auto industry, the cost of cars going to be increased to cover the additional educational cess proposed in the budget. In fact the shares of Auto companies fell around 5 to 6% after the budget annoucement.

Already Maruti has announced the price hike form 15th March and I am sure others will follow to increase the price.

28th February 2007, 21:04	#14 (permalink)
Ram_NP BHPian Join Date: Feb 2007 Location: Kolkata Posts: 80	As the budget has not given any major concession to the auto industry, the cost of cars going to be increased to cover the additional educational cess proposed in the budget. In fact the shares of Auto companies fell around 5 to 6% after the budget annoucement. Already Maruti has announced the price hike form 15th March and I am sure others will follow to increase the price.