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amu1983 · 28th February 2007, 21:45

>> What are all the taxes on cars that are made in india?
The sales tax. Excise duty is another. And, of course, there's registration over and above the ex-showroom price. Am not sure of the exact numbers, but it's said that when you buy a brand new car, over 30% of what you pay, goes to the government.

Now, coming to budget 2007, car makers should have announced price cuts today. Mainly because of duty cut on crude oil, which means lower petrol/diesel costs, which means lower transport (freight) cost for the car makers. Also... tax breaks on R&D will mean that we should see more and more new/better models by the car makers. And... higher farm credit outlay means more demand for tractors and two wheelers, which should cheer the auto companies like M&M, Bajaj and Hero.

The reaction on stock market can be party due to global factors. Almost all world markets have fallen considerably over past 3-4 days.

28th February 2007, 21:45	#15 (permalink)
amu1983 BHPian Join Date: Feb 2007 Location: Pune Posts: 143	>> What are all the taxes on cars that are made in india? The sales tax. Excise duty is another. And, of course, there's registration over and above the ex-showroom price. Am not sure of the exact numbers, but it's said that when you buy a brand new car, over 30% of what you pay, goes to the government. Now, coming to budget 2007, car makers should have announced price cuts today. Mainly because of duty cut on crude oil, which means lower petrol/diesel costs, which means lower transport (freight) cost for the car makers. Also... tax breaks on R&D will mean that we should see more and more new/better models by the car makers. And... higher farm credit outlay means more demand for tractors and two wheelers, which should cheer the auto companies like M&M, Bajaj and Hero. The reaction on stock market can be party due to global factors. Almost all world markets have fallen considerably over past 3-4 days. Last edited by amu1983 : 28th February 2007 at 21:48.