Cars above 1,500 cc engine capacity but below 2,000 cc capacity will attract specific duty of Rs 15,000 per car and cars above 2,000 cc engine capacity will attract specific duty of Rs 20,000 per car. The excise duty on small cars i.e. cars below 1,500 cc engine capacity remains unchanged.
The hike in excise duty comes weeks after some car manufacturers had hiked the prices of cars due to increase in the prices of inputs