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Friday, June 13, 2008

Now power comes at a premium

The government is continuing to play the role of Robinhood and is always looking at taxing the rich for the benefit of the poor.The latest directive is that all cars with an engine capacity of 2000 cc or more would attract an additional Rs.20,000.Cars with engine capaities in the range of 1500cc-2000cc would cost an additonal Rs.15,000.This is in addition to all the taxes you currently pay for a new car.All other vehicles below the 1500cc have been spared this additional cess.

This cess would affect Mahindra the most and would be interesting to see how they respond especially with the logan and given that the competition like[Tata Indigo,Maruti Dzire,Fiesta diesel would all be unaffected by this cess].Another manufacturer to look out for would be Hyundai since leaving aside the santro and the i10 all other cars are affected.

This additonal cess is apparently to help the government subsidise your fuel bills.

[Source:Times of India]

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