Mar 01, 2013, 02.10 PM IST
Maruti Suzuki India, the largest car maker in India, jumped 4 percent on Friday after reporting February sales largely in-line with expectations.
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Maruti Suzuki soars 4% after Feb auto sales nos
Maruti Suzuki India, the largest car maker in India, jumped 4 percent on Friday after reporting February sales largely in-line with expectations.
Like this story, share it with millions of investors on M3
Maruti Suzuki soars 4% after Feb auto sales nos
Maruti Suzuki India, the largest car maker in India, jumped 4 percent on Friday after reporting February sales largely in-line with expectations.
Company sold 1.09 lakh units in February as against 1.19 lakh units in a year ago period while exports rose by 2.8 percent year-on-year to 11,612 units.
Small car sales too dropped at 24,021 units from 27,899 units during the same period. Passenger car sales went down by 10.9 percent YoY to 83,865 units in February.
Meanwhile, the management clarified to analysts that the hike in withholding tax on royalty in Budget from 10 percent to 25 percent will not impact them as the India-Japan double taxation treaty provides that withholding tax does not exceed 10 percent.
At 13:24 hours IST, shares went up 3.93 percent to Rs 1,410 on Bombay Stock Exchange.
highlights
- No case to revise direct tax rates, slabs
- Super rich tax: 10% surcharge on income above Rs 1 cr
- Modified provisions under GAAR effective April 1, 2016
- No change in standard rate of excise duty, service tax
flashes
- Budget Reaction: Fitch Says Policy Implementation To Be Key Driver Of India Rating
- Budget Reaction: Fitch Says Believe Policy Execution Will Be Challenging
- Budget Reaction: Fitch Says Public Finances Vulnerable To Further Growth Slowdown
- Budget Reaction: Fitch Says Commitment To Fisc Cons, Despite Poll, Encouraging
InterpretationS
- GAAR-Presumes tax benefit unless proved contrary
- MFs covered for deductions u/s 80CCG
- Excise duty increased on mobile phones of Retail Sale Price (RSP) more than Rs 2000
- ED on readymade garments exempted: positive textile sector
SECTOR IMPACT
Select Sector to see impact
- Auto - Cars & Jeeps
- Auto - LCVs/HCVs
- Banks - Private Sector
- Banks - Public Sector
- Cigarettes
- Computers - Hardware
- Computers - Software - Training
- Construction and Contracting - Real Estate
- Electricals
- Engineering - Heavy
- Finance - General
- Finance - Investments
- Infrastructure - General
- Leather Products
- Media & Entertainment
- Mining/Minerals
- Miscellaneous
- Personal Care
- Pesticides/Agro Chemicals
- Power - Generation/Distribution
- Refineries
- Shipping
- Sugar
- Textiles - Denim
- Textiles - General
Textiles - General
18:52 pm
Exice Duty on readymade garments exempted +ve for textile sector
TAX AND YOU
Salaried Person
REACTIONS
reaction on: Markets
TR Ramachandran
CEO & MD | Aviva India
reaction on: Policy
Srichand P Hinduja
Chairman | Hinduja Group
reaction on: People
Hari S Bhartia
Co-Chmn & Founder | Jubilant Group
reaction on: Business
Tapan Ray
Director General | OPPI
reaction on: Business
Uttam Bose
MD | Hindustan Motors
What got Cheaper / costlier?
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