|
Feb 27, 2010, 04.30 PM IST
What we are relieved is not about the 4% but there was some talk of 4% but for the auto industry 4% would have been a disaster, 2% is still high because for a vehicle selling at about Rs 10 lakh that is an increase of Rs 18,000 in the consumer price.
President - Automotive Biz, M&M
"The 2% excise increase is something that we had more or less said will happen. What we are relieved is not about the 4% but there was some talk of 4% but for the auto industry 4% would have been a disaster, 2% is still high because for a vehicle selling at about Rs 10 lakh that is an increase of Rs 18,000 in the consumer price."
Set email alert for Tags: Mahindra and Mahindra, M&M
|
 From DJ EU Officials Spain Aid Cap Of 100 Bn Euros 'should Be Enough'  The latest earning numbers FIRST on CNBC-TV18
News Videos
|
By Pawan Goenka
