Suv Tax

The Council also clarified on the definition of SUVs (sports utility vehicles) for the levy of 22 per cent compensation cess over the 28 per cent GST and decided to come out with parameters to define MUVs (multi utility vehicles).

Find out: What is Mahindra's new strategy to escape SUV tax

The hottest news from the auto world was not a launch but the passage of the Finance Bill. There was frantic lobbying against the controversial excise duty imposition on SUVs commonly called the SUV tax. CNBC-TV18's show for auto enthusiasts finds out manufacturers' strategies to tackle the SUV tax.

Yashwant Sinha writes to FM, calls SUV tax discriminatory

The Standing Committee on Finance has called the government's move to impose additional tax on SUVs as discriminatory. Chairman of the Committee Yashwant Sinha has written to P Chidambaram opposing the move to Tax SUVs and he wants luxury cars to be taxed instead.

SUV tax: Is it logical and justified?

A Mahindra Bolero will cost you around Rs 8 lakh. A Mercedes-Benz S-class will cost you around Rs 90 lakh. But according to the government, you will have to pay more tax on buying a Bolero, than the S-class.

Budget Analysis: FM has done his best within constraints, says Pawan Goenka

Pawan Goenka, president Automotive & Farm Equipment Sector, M&M Ltd, talking to CNBC TV18, says that he is happy that there are not too many populist measures in the Budget nearing an election year.