Auto sector news, Indian Auto Sector, India Auto Industry News, Automotive News, World Auto Industry Latest News Update
Excise cut: Auto giants to pass on benefits to customers

Auto makers, including General Motors India and Tata Motors, announced price cuts of their products soon after Finance Minister P. Chidambaram decided to reduce excise on automobiles in the interim budget 2014-15.

 
 
Audi cut the price of the base version of its A4 sedan by Rs 72,000 to Rs 29.85 lakh. The higher variant will be cheaper by Rs 90,000 at Rs 37.04 lakh.
Domestic passenger car sales declined 7.59 per cent to 1,60,289 units in January compared with 1,73,449 units in the same month of 2013.
Japanese Bike maker Yamaha has extended its contract with Bollywood actor and biking enthusiast John Abraham as its brand ambassador for another two years.
The Expo was intended to celebrate the industry. And it did with 70 new models and launches, which included 26 international models.
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Union Budget 2016-17