FM slashes import duty on car CKD kits from 60% to 30%

-

The Finance Minister has announced cut in import duty for completely knocked down (CKD) automobile kits to 30% from the proposed 60%, according to a report.
The report stated that in the budget, the CKD duty which was earlier only 10% was pegged at 60%. Good news for a group of companies because previously this made the Foreign Automakers especially companies like BMW, Mercedes, Audi worry because these companies assemble most of their cars in India, and the Prices of the Vehicles after the new duty was suppose to climb as much as Rs 8 lakhs, But now its a relief for both manufactures and consumers. The prices may go up maximum of Rs 3-4 lakhs. Audi even threatened by saying that it would pullout its operation from India because of this, and experts also worried that it would affect the growth of luxury cars,which has grown dramatically over the last decade.    

[Source:indiainfoline]      

Comments

Post a Comment

Popular posts from this blog

Why Tata Choosing Aisin Torque Converter for Sierra is a Smart Move

-
Image
When Tata Motors announced the Sierra with Aisin-sourced torque converter automatic transmission, I was genuinely happy. Finally, they understood what Indian buyers actually want from an automatic gearbox. Let me tell you why this is such a big deal. The Problem with DCT in Indian Conditions Dual Clutch Transmission (DCT) is fantastic on paper. Quick shifts, sporty feel, excellent for enthusiasts. But here's the reality - most Indian car owners do not Cruise or the road conditions allow to do. We drive in bumper-to-bumper traffic, stop-start city conditions, and occasionally take our cars out on an highway. In these conditions, DCT shows its true colors. The jerky low-speed behavior, the hesitation when you need quick power in traffic gaps, and let's not even talk about the repair costs if something goes wrong. I've seen so many complaints from DCT owners about transmission issues after 40,000-50,000 kms. Why Aisin Torque Converter Makes Sense Aisin is not some random suppl...
Read more

17 Years After Tata's JLR Acquisition: The Sierra Proves the DNA Transfer is Complete

-
Image
When Tata Motors acquired the prestigious British luxury brands Jaguar Land Rover (JLR) in 2008 for $2.3 billion from Ford Motor Company, skeptics questioned whether an Indian automaker could successfully manage iconic British heritage brands. Fast forward 17 years, and the answer is crystal clear - not only has Tata preserved and grown these luxury marques, but they've also successfully absorbed and transferred the sophisticated engineering DNA back to their own lineup. The Proof is in the Sierra The all-new Tata Sierra, unveiled recently, stands as the ultimate testament to this successful technology transfer. This isn't just another SUV from Tata Motors; it's a vehicle that embodies the lessons learned from nearly two decades of owning and operating world-class luxury brands. Perfect Proportions and Stance One look at the Sierra and you immediately notice the proportions - they're spot-on. The vehicle sits with the kind of confident stance that you'd typically as...
Read more

🚗 Reliability Over Luxury: Why Peace of Mind Has No Price Tag

-
Image
The Nightmare of a Broken Dream Car Imagine this scenario: You finally visit the showroom, eyes locked on your  dream car . You stretch your budget for the top-end model, book it, wait for months, and then, the day finally arrives. You and your family are ecstatic as you take delivery. But just  five days  after your purchase, as you head to work, your car starts... but the gear won't shift into Drive. How would you feel? You call a tow truck and skip half a day of work. The service center is supportive, but they tell you it will take time. They fix the vehicle, and you assume it was a minor glitch. Then, a month later, it happens again. And then again after six months. Each incident, though resolved by a supportive company, comes at a cost to you:  a canceled weekend trip, a frantic search for an alternative vehicle for a family wedding, and the slow erosion of your peace of mind.  You start questioning your expensive decision. This experience highlights a cruc...
Read more