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Brokerages view: Excise duty cut in auto sector

Yesterday the finance minister, P Chidambaram in the Interim Budget slashed the excise duty on two-wheelers, passenger cars, SUVs as well as commercial vehicles between 3 percent and 6 percent. The cut in excise duties would largely be passed on to consumers, which effectively translates into average price reduction.

first published: Feb 18, 2014 01:34 pm

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