2014 budget - sub 4 meters long?

Although the 2014 budget did not bring direct benefits to the automobile industry, the automobile industry was grateful for the earlier announcement to extend the consumption tax until December 31, 2014. The consumption tax cuts announced in the previous interim government budget are all set to expire at the end of June 2014. The current finance minister, Mr. Alan jekley, has given carmakers more time to announce an extension of the consumption tax in December.

Once the forced layoffs are first announced, all manufacturers will pass on the advantages to consumers by reducing the price of vehicles. Although all carmakers have expressed interest in extending the excise tax, many hope that the extension will continue to exceed. Before the 2014 alliance budget is announced, the Federation of Indian industries hopes to extend it to March 2015.

Consumption tax cuts:

You have benefited!

In terms of welfare, small cars also play an important role for carmakers and customers. They have the largest share in the market, so they will benefit both ends of the business. Many manufacturers are taking advantage of sub's 4-meter length and are launching or developing such products. Now, although it is a car or SUV, some cars like Ford ecosport, Honda amazing and modern circle, thanks to their 4-meter length for small cars. Therefore, for small cars, for cars, the tax amount of cars is the same, rather than 20% of cars or 24% of SUVs.

Although Mahindra jumped up the band carriage early and launched Quanto, sub 4m MPV or SUV, they failed to find success. However, when Ford ecosport was started, Ford could not stop its cash register from ringing, and they could not provide cars quickly according to demand. Honda's amazing similar stories also have similar stories, because Honda regained market share, mainly due to its amazing, which is Honda's first diesel car. Since April 2013, Honda has sold more than 80000 units since its launch in April 2013. Hyundai's xcent, the latest entry into the sub 4m game, has also received a great response in the market.

Other manufacturers are busy with their drawing boards, developing their own compact cars or SUVs to cash in on excise taxes. Prepare for smaller cars.