Infrastructure Cess

Society of Indian Automobile Manufacturers (SIAM) had in March revised the growth forecast of passenger vehicles for the new fiscal to 11 per cent from 12 per cent after the imposition of infrastructure cess ranging between 1-4 per cent in the Budget.

Maruti says 50 bps rate cut needed to 'excite the market'

In an interview with CNBC-TV, RS Kalsi, ED of Maruti Suzuki, said that the company may see marginal slowdown in demand due to price the price increase and customers may take some time to adjust to new prices.

Not overly worried about infra cess impacting demand: M&M

The infrastructure cess is sure to have a negative impact on the overall demand said VS Parthasarathy, CFO, Mahindra and Mahindra but on other hand the various measures to boost rural economy, infrastructure and farmer income could help mitigate the negatives.

Infra cess likely to be passed onto customers completely: Maruti

Speaking to CNBC-TV18, RC Bhargava, Chairman of Maruti Suzuki says the infrastructure cess will be a burden to growth, especially look at the current volatility in the market.

Budget 2016: Auto cos to pay 1-4% infra cess across categories, says FM

The automobile industry was expecting simplification of tax structures and a reduction in excise duties, among other initiatives to propel growth in electric vehicles

GoK on B'lore Metro: Will deliver, but will take too

Karnataka government has delivered a New Year gift to Bangaloreans by approving the second phase of B'lore Metro Rail. But the ease of using Metro will come at a price for the city-dwellers as they may have to pay additional infrastructure cess, reports CNBC-TV18’s Vineetha Athrey.