Union Budgets

2. Announcement
1
Basic Excise Duty Hiked to 12% from 10%
Price hike in all Segment in the passenger car industry,
Which would dent the demand by some extent
1
Impact
Comment
Negative
Negative for Two wheeler, Four wheeler,
Auto ancillary Companies.

3. Announcement
1
Basic Custom Duty on Imported Large Cars/SUV/MUVs Whose
value exceed USD 40,000 Per Vehicles Increased by 75% From
60%
This would promote the manufacture, Sales and usage of
such vehicles in India
2
Impact
Comment
Positive
Positive for the manufactures of Hybrids
Vehicles like Mahindra & Mahindra

4. Announcement
1
Basic Custom Duty on Imported Large Cars/SUV/MUVs Whose
value exceed USD 40,000 Per Vehicles Increased by 75% From
60%
This would promote the manufacture, Sales and usage of
such vehicles in India
3
Impact
Comment
Positive
Positive for the manufactures of Hybrids
Vehicles like Mahindra & Mahindra

5. Announcement
1
Increase in income tax exemption limit from Rs. 180,000 to Rs.
200,000
Demand for two wheeler & lower end four wheeler to be
impacted positively with an increase in disposable income
4
Impact
Comment
Positive
Positive for Hero Motor Corp, Bajaj Auto, TVS
Motors, Maruti Suzuki, etc

6. Announcement
1
Hike in customs duty on bicycles from 10% to 30% and on
bicycle parts from 10% to 20%
This would increase the competitiveness of domestic bicycle
manufacturers
5
Impact
Comment
Positive
Positive for Domestic Manufacturers

7. Announcement
1
Allocation of Rs. 25,360 crore for NHDP proposal
Aggressive investments towards infrastructure development
would drive the demand for M&HC Vehicles
6
Impact
Comment
Positive
Positive for MHCV players like Tata Motors, ALL,
Eicher Motors