Car Rate reduced in Budget 2008

Samll Car rates would reduce because of reduction in excise duty on small cars from 16% to 12%. Santro rate would reduce by RS 12,000-14,000 , i10 by 12,000-15,000 and Getz by 14,000-16,000 .

General Motors would also reduce the rates of Chevrolet, Spark and U-VA by Rs 7,500-Rs 14,000.

The rates of Maruti cars Swift, Zen, Alto would also reduce.

This excise duty reduction is on cars measuring less than four metres and with petrol engines less than 1200cc and diesel engines less than 1500cc.