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Hike in excise duty could hurt UV sales, says M&M's Goenka

The 3 percent hike in excise duty hike on sports utility vehicles proposed in the Union Budget could hurt UV sales and lead to a possible shift in demand to other passenger vehicle segments, Pawan Goenka, president, automotive and farm equipment sector, Mahindra & Mahindra, said on Friday.

first published: Mar 22, 2013 11:33 am

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