Corporate Feb 25, 2013
The Excise Department has sent a notice to Noida-based Honda Cars India seeking cost data on models sold by the company, reports CNBC TV18's Ronojoy Banerjee.
The first automaker in North India to get a notice from the Excise Department, industry sources said that other companies in the Gurgaon-Manesar belt including Maruti Suzuki is also likely to get a similar notice.
There is hope that the FM would issue clarifications on the matter in the Union Budget. Earlier, Tata Motors, M&M and Ashok Leyland also received similar notices.
Honda Cars declined to comment on excise notice.
More From Firstbiz Staff.