Well not quite a green budget from Mr. PC this time. But still there was something to cheer as the Excise duty on Hybrid Cars has been reduced from 24% to 14%. This will not have any major impact right away, because there are no hybrid cars being sold in india right now. But Mahindra whenever it launches its Hybrid scorpio will definitely benifit and hopefully pass on the benifit to the buyers.
The Honda Civic Hybrid is also expected to be launched later in the year or early next year and will benefit from the duty cut.
I would suggest our dear Finance Minister to cut excise duties and other taxes heavily on hybrid and Battery operated vehicles so people can be encouraged to use them and the country's fuel bills can also be controlled.
Lets hope for more concessions on green technologies in the coming years !!
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