Effect Of Union Budget On Top 10 Selling Cars’ Prices

#hashtags: #Union Budget #India #Finance Minister

The Union Budget 2016-17 carries a tax hike for cars of various segments. We take a look at the impact of taxes on prices on the top ten selling cars in India.

Small cars see minimal price hike, only 1% additional tax

Every year, the Finance Minister of India presents the Union Budget. And every year, automotive companies hope that there is some relief given to them in the form of reduced taxes or at least no increase. But, since cars are treated as a luxury item in a developing country like India, they are taxed heavily.