Katamarayudu telugu movie review | Katamarayudu Movie Review Rating | Katamarayudu Review | Pawan Kalyan Katamarayudu

X
close save
crop image
x
TM
Tue, Oct 16, 2018 | Last Updated 5:10 pm IST

Menu &Sections

Search

Luxury cars will get dearer by Rs 1.25-5 lakh

Luxury cars will get dearer by Rs 1.25-5 lakh
Luxury cars will get dearer by Rs 1.25-5 lakh
http://apherald-nkywabj.stackpathdns.com/images/appleiconAPH72x72.png apherald.com

New Delhi sources have stated that in order to promote local manufacturing, Finance Minister Arun Jaitley had announced an increase in basic customs duty by 5-7.5% on cars, bikes and SUVs, which are imported as completely knocked down (CKD) units as an effect to this announcement, luxury cars will get dearer by Rs 1.25-5 lakh, and this will jolt the demand of luxury cars.




On the recent announcement made by Finance Minister on the Union Budget 2018, Rahil Ansari, head, Audi India, said: “For the luxury auto sector, the Union Budget 2018-19 is a disappointing and is against the spirit of partnership. As a manufacturer, we have a core social responsibility towards our workforce and the dealer network.”

Luxury cars will get dearer by Rs 1.25-5 lakh

He added that Motorcycle companies like Triumph will be affected due to the increase in tariff for CKD units and the luxury carmaker pointed that the Budget definitely needed an inclusive view for the luxury automobile industry, which would have helped the industry to rebound and create more jobs.



Luxury cars will get dearer by Rs 1.25-5 lakh
5/ 5 - (1 votes)
Add To Favourite
More from author
Second gen Ertiga to launch on November 21, 2018
Apply for Airmen post in Indian Air Force
CEO of Msys Technologies honored as Market Entrepreneur Award
India's Top 15 Millionaires Daughters
Will Power star react on Renu Desai's second marriage?
Who is Pawan Kalyan's next targeted guy?
Bryan Adams opens up about his relationship with Princess Diana
INR Crash at an All-Time Low!
Which is the best time to drink Coconut Water?
Reducing puffiness under your eyes with homemade ingredients
Golu tips to be followed this Navaratri
#INDvWI - India wins Second Test in 3 Days at Hyderabad
Mr.Kotii Reddy - Profound Philanthropist, Man with Motives and Missions now featured in Wikipedia
Is Adah Sharma 'IN' or 'OUT'
Trisha rushes to caravan to avoid Oops moment !?!
Time for arrival of another refreshed compact sedan Tata Tigor facelift
Apply for Technicians post in Military of Defense
Depreciation puts rupees in NRIs hands, making properties cheaper
Kajal loses an appeal again
Donald Trump said current immigration policy made least sense
Cisco working with HDFC Bank & NSE to digitize their operations
Why Modi doesn't respond on Kadapa Steel Plant - Kanimozhi questions
Small car concept will preview a new Suzuki sub-brand
All you need to know about Rs 80,000 Crores World's Biggest Kaleshwaram Irrigation Project
Benefits of Drinking water in Copper Vessel
Overnight Beauty tips to wake up prettier
Positive attitude brings Success during Navaratri
About the author

Nanotechnology Degree Holder. Movie Geek. Crazy about comics and cartoons. Hardcore Cricket Lover. Photoshop Professional