On a day when Union Road Transport and Highways Minister Nitin Gadkari spoke of the need to levy an additional 10 per cent tax on diesel-run vehicles to help cut emissions, although clarified that there is no proposal under the government consideration to impose such a tax, the automakers pointed out that already sales of diesel passenger vehicle have been declining.
Maruti and Hyundai anticipate decline in diesel passenger vehicle sales due to stricter emission regulations vervetimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vervetimes.com Daily Mail and Mail on Sunday newspapers.
Diesel PV Sales India: In 2013-14, the diesel percentage in the passenger vehicle (PV) industry was 53.2 %. It has come down to 18.2 % in the April-August period this fiscal.
The Goods and Services Tax (GST) Council s decision to modify the definition of an SUV to include only length (4 metres and above), engine capacity (1,500 cc and more), and ground clearance (unladen clearance of 170 mm and more) to attract a cess over and above the GST rate is expected to bring more clarity to the taxation structure for utility vehicles.