Read the news that Leading Auto Makers Maruti and Hyundai have increased the rates of their respective brands by few thousands for the increase in Custom duty to 10%. I was a bit shocked, as for the hike of 2% has been just proposed on February 26, 2010 and would be effective only from April 1, 2010.
I mean I find is ridiculous for the price hike as announced by Maruti and Hyundai with Midnight Feb 26 itself as this is nothing but fooling the customer. If the hiked Customs duty would not be effective for next one month or so, then why the automakers are increasing the rates immediately? what is the urgency in that?? Its not like that they are incurring losses even as of now, then why this dirty trick???
Very much a valid point
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