Honda CEO asks the govt to re-examine the tax structure, says safety regulations to be kept in mind
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President and CEO of Honda Cars India,
Longer cars have a more stable body structure that absorbs shock better. In light of the new realities emerging in India, it will be good to re-examine the tax structure which currently makes small cars more attractive," Ueno told ET.
In India, excise duty on small cars stand at 12.5% whereas it stands at 24% or more in the larger vehicles segment.
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Honda has planned to increase its dealerships from 309 to 345 across 197 cities.
(image:Reuters)
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