Apropos “Auto companies lobby against tax on diesel cars” (June 7), the auto industry’s response to the move of increasing taxes on diesel cars clearly demonstrates lack of leadership and responsibility. Higher excise duty on diesel cars is unlikely to hurt overall growth of car sales — it will only decrease the sales of diesel vehicles. This may result in short-term losses for manufacturers who have invested in diesel engine plants. But auto companies could have avoided this situation in the first place by not relying on a market that is distorted by subsidies. To expect the government and the nation to bail them out now by raising the bogey of reduced growth is irresponsible.
S Balasubramanian Bangalore
Letters can be mailed, faxed or e-mailed to:
The Editor, Business Standard
Nehru House, 4 Bahadur Shah Zafar Marg
New Delhi 110 002
Fax: (011) 23720201
All letters must have a postal address and telephone number
This refers to the report “Among 440 rising global cities in 2025, India to have 36: Report” (June 28). The June 2012 edition of McKinsey Global’s ...
Sale of business to unlock value and help lower company's debt
The bank's shares rise 10% in three sessions, contributing to a fourth of the Nifty's 180-point rise