Auto industry can absorb excise hike: Rahul Bajaj
The government is expected to announce a complete withdrawal of the stimulus package in the Budget under which excise duty for automobiles were cut. This means the excise duty on small cars and two-wheelers is likely to go back to 12 per cent. Rahul Bajaj, Chairman, Bajaj Auto, says given that the auto industry is doing well right now, it may well be able to absorb that spike.
