[esteem_lover]

Originally Posted by amu1983

>> 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.

amu1983, i see that you are missing the bigger picture. the duty cut in crude oil & petrol is only meant for the oil companies & not to be passed on to the consumer.
cheers