It was a sunshine day for green or environment-friendly vehicle makers on Union budget day. For long, they have been yearning for this day to come. Showing thumbs up to green vehicles, the FM has proposed to reduce excise duty from 10 per cent to 5 per cent on kits for the conversion of fossil fuel vehicles into hybrid vehicles; a concessional excise duty of 5 per cent to incentivize the production of critical parts and a concessional excise duty of 10 per cent for vehicles based on fuel cell ... read more ->