Please Tell Us Your City

Knowing your city will help us provide relevant content to you.

Sorry! No matching results found. Try again.Error Identifying Your Location.

SIAM to request roll-back on SUV excise duty hike

March 02, 2013, 01:58 PM IST by Pratheek Kunder
SIAM to request roll-back on SUV excise duty hike

The 2013-14 Budget has not affected the prices of the small cars and sedans. However, excise duty on the SUVs has been hiked by 3 per cent, along with additional customs on CBUs. The additional tax on SUVs will affect utility car makers like Mahindra, Tata and Toyota the most. SIAM is not very happy about the new tax, as the over-all industry is reeling under pressure and SUVs is the only segment that is doing relatively well.  

The new rules state that utility vehicles over four meters in length, with engine capacity over 1500cc and ground clearance more than 170mm will be classified as SUVs. Almost all the premium SUVs fall under this category and will have to hike their prices and might see drop in sale. Renault Duster is a peculiar case, as the petrol version with 1.6-litre engine will be classified as a SUV, while the diesel with 1.5-litre won’t see a price hike.

SIAM is planning to request the finance ministry to consider a roll-back of the additional excise duty on SUVs. "The higher excise duty on SUVs was totally uncalled for. This was the only segment which was showing some growth. We had a post Budget meeting of SIAM members and it was unanimously decided to ask the FM to reconsider the decision. Our concern is that among vehicles in the same price category, one may have to pay the higher excise duty and other may not.” said Pawan Goenka, president, M&M (Automotive and Farm Equipment sectors)


  • FaceBook Logo
  • Twitter Logo
  • Email Logo
Show CommentsHide Comments
  • Upcoming Cars

Audi New A6Audi New A6

24th Oct 2019

50L - ₹ 60L
Tata Tiago FaceliftTata Tiago Facelift

Oct 2019

4L - ₹ 7L
Nissan Leaf EVNissan Leaf EV

Oct 2019

30L - ₹ 35L
Mahindra e20 NXTMahindra e20 NXT

Oct 2019

6L - ₹ 8L
Honda HR-VHonda HR-V

Oct 2019

12L - ₹ 16L
All Upcoming Cars
Ask the experts1800 2090 230Mon-Fri (9 AM - 8 PM)
Sat (9 AM - 5:30 PM)
Sun (9 AM - 7 PM)
Toll free

Select your city to avail offers

Currently available only in