Budget 2011: Auto parts companies eye tech boost; excise hike likely

MUMBAI: Auto parts makers want the government's help to upgrade technology and spur investments to boost capacity, but analysts do not see the Budget for 2011-12 to be tabled in parliament on February 28 taking much steps in this direction. On the contrary, the expectation is that of a modest increase in excise duty on vehicles that may push up prices. In 2010-11 thus far, component makers

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