Buying cars and bikes likely to be costlier in Delhi

Zee Media Bureau

New Delhi: Buying car or bike in the national capital is likely to get costlier as the civic agencies are planning a sharp hike in one-time parking fee, as per report in a national daily.

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The Hindustan Times reported that if the proposal of the municipal body is implemented then two-wheelers buyers will have to shell out at least Rs 1,000 extra while that of luxury cars will go up by few lakh.

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The civic body's proposal comes weeks after the Supreme Court decided to peruse the National Green Tribunal (NGT) order directing the payment of environmental compensation charge by commercial vehicles entering Delhi, before proceeding with the hearing of a plea seeking levy of similar charges on polluting vehicles.

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Most of Indian automobile manufacturers saw higher sales in October with industry experts citing lowering of interest rates, stable fuel costs and festive season offers as responsible for accelerating the demand.

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Referring to the positive sales numbers announced by the automotive manufacturers for October, they said the positive base effect and a pick-up in exports swelled off-take.