Business Today

'Reduce excise duty on MUVs'

Sandeep Singh, Deputy Managing Director & COO, Toyota Kirloskar Motor, says the current excise duty of 27 per cent on .multi-utility vehicles is very high.

Sandeep Singh        Last Updated: February 27, 2013  | 18:38 IST

The budget should:

  • Promote infrastructure development through clear policy statements backed by incentives for speedy implementation
  • Lower interest rates further for a faster impact and boost consumer sentiment further
  • Reduce excise duty, especially on MUVs (multi-utility vehicles). The current level of 27 per cent is way too high
  • Speed up implementation of the HV/EV (hybrid vehicle/electric vehicle) policy and enable manufacturers to import and manufacture these vehicles in India.
  • Incentivise customers and increase domestic demand

(Sandeep Singh is Deputy Managing Director & COO of Toyota Kirloskar Motor)

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