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Excise cut may not lead to sharp rise in demand: Maruti

PUBLISHED ON: February 19, 2014 | Duration: 8 min, 19 sec

  
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Maruti Suzuki chairman RC Bhargava says the reduction in excise duty is a welcome step, but the move is unlikely to lead to a sharp rise in demand for cars. Consumers find the cost of running a car in many cases beyond their means, he said.
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