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Corporate Feb 25, 2013

Excise dept sends notice to Honda; seeks cost data on sold models

By Firstbiz Staff

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.


Honda Cars declined to comment on excise notice. Reuters

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.

by Firstbiz Staff

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