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Impact of Lower Excise Duty on Industry

Dated:- 19-3-2015 - The production growth rate of Automobile Industry during the period April 2014 to February 2015 compared to the same period of last year is as under: April-February 2014 April-February 2015 Growth% Passenger Vehicles 2,815,563 2,927,447 3.97 Commercial Vehicles 636,923 629,905 -1.10 Three Wheelers 763,338 .....

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14 and thereafter the earlier higher duty level has been restored. Almost all the sectors had shown improvement in production during the lower excise duty phase and the previous negative trend was reversed. Comparative data of production during the period January-December, 2013 and January-December, 2014 is as under: January-December 2013 January-December 2014 Growth% Passenger Vehicles 3,155,694 3,158,215 .....

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