business

Will pass impending 4% excise hike to customers: Maruti

This 4 percent excise duty will have to be passed on to consumers as most companies do not have this kind of margin to absorb a 4 percent hike, Maruti chairman RC Bhargava says. He is not sure whether this price rise will have a demand impact, but believes it will not have a long-term impact.

first published: Dec 31, 2014 10:10 am