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Amid slowing sales, carmakers fear fee hike will further dent demand

The draft notification proposes to increase the registration fees from Rs 1,500 to Rs 20,000 for new M&HCVs and from Rs 1,500 to Rs 40,000 for renewals

Auto slowdown

Amid slowing sales, a proposed hike in registration fee has come as yet another headache for automakers. If the proposal is notified, vehicle prices, across various segments, are expected to go up. The move, fear automakers, will dent demand further. Companies are of the view that the government should defer the proposed hike, at least for the time being. Auto sales in India plunged to the lowest in two decades in July. Registration is still a draft notification; that in any case should be postponed until the crisis is over, RC Bhargava, chairman of Maruti Suzuki India, said on ...