Budget 2013: Biz honchos react
P. Balendran, Vice-president, General Motors India
The vice-president of GM India was not happy with the hike in excise duty on SUVs and imported cars.
“The hike in excise duty is not on expected lines, especially when automobile industry continues to remain sluggish,” he said.
“Unless you see the fine print, you may not be able to know how much is going to be the impact. In auto industry, for the commercial vehicles, good (budget). From GM India perspective, the budget doesn`t get more than out of 10 points,” he opined.
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