cars

Firms compelled to reduce margins, navigate taxes, inflation to bolster sales

Excise officials’ public interaction to be monitored

Official says Excise Dept clearing backlog by timely issuing new number plates

Stakeholders express urgent need for government intervention

Prices of PSMC cars have increased up to Rs235,000, will come into effect from April 6

Lower demand may result in prolonged plant closures, joblessness

Manufacturers blame economic uncertainty, import curbs for price increase

Urge carmakers to reduce prices as rupee strengthens against greenback

Due to economic uncertainty and inflation

Cites lack of inventory because of State Bank’s LC restrictions