Budget 2012: Expectations

Updated: Mar 16, 2012 01:03 IST

Automakers are bracing for a possible tax of up to Rs 80,000 on diesel cars to partially help fuel retailers for selling fuel at below cost. Analysts say if levied, the tax could result in the cost of a diesel car increasing by up to 20%. (Reuters)
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Automakers are bracing for a possible tax of up to Rs 80,000 on diesel cars to partially help fuel retailers for selling fuel at below cost. Analysts say if levied, the tax could result in the cost of a diesel car increasing by up to 20%. (Reuters)

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