The hike in customes duty on fully built imported vehicles from 75 per cent to 100 per cent in the Budget 2013-14 has disappointed the industry but given its small size, the impact may not be significant.
Speaking to The Hindu , Wilfried Aulbur, Managing Partner, Roland Berger Strategic Consultants, and former MD & CEO, Mercedes Benz India, said, “the fully imported vehicle market in India is around a mere 3,000 units per annum. If one considers the big three German players — Audi, Mercedes Benz and BMW — fully imported vehicles constitute 7-10 per cent of their portfolio here.’’
Technology Partners: MimirTech
Links:
[1] http://admin.indiaenvironmentportal.org.in/news/duty-imported-cars-disappoints-industry
[2] http://admin.indiaenvironmentportal.org.in/category/newspaper/hindu-new-delhi
[3] http://admin.indiaenvironmentportal.org.in/category/thesaurus/india
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/budget
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/vehicles
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/imports
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/auto-industry
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/toyota-motor
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/general-motors
[10] http://admin.indiaenvironmentportal.org.in/category/thesaurus/hindustan-motors
[11] http://admin.indiaenvironmentportal.org.in/category/thesaurus/jawaharlal-nehru-national-urban-renewal-mission-jnnurm
[12] http://admin.indiaenvironmentportal.org.in/category/thesaurus/industry
