Excise Hike

While the industry has grudgingly accepted the Government's fiat, the finance ministry's objective of garnering more revenues could fail.

Remove 3% additional excise on SUVs: Praful Patel to FM

In the Union Budget 2012 Finance Minister P Chidambaram announced an additional excise duty on special utility vehicles (SUVs). Heavy Industries minister Praful Patel has now rushed to the rescue of SUV-makers and has asked the FM to do away with the additional duty. CNBC-TV18‘s Anshu Sharma reports.

Auto suffers after proposal for excise hike on diesel cars

After the oil minister's recommendation for hiking excise duty on diesel cars, the auto index have not really looked up. CNBC-TV18's Sonia Shenoy reports, it is not only companies like Mahindra and Mahindra(M&M) who would be impacted, others like Maruti and Tata Motors are likely to be affected.

Budget Expectations: 'Govt's will to pass strong reforms affected by elections'

Chief financial officer of Coca-Cola India Sunil Gupta believes that the government's ability to pass strong reform this Budget has been affected by the poor show in the assembly elections.