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He buys car because of cab fare hike
Cost of taking taxis & cost of owning car can be almost equal.
Strong demand expected for CNG cars
Dealers gear up for sales with 2 new CNG stations set to open; they also plan to introduce cars that can run on both gas, petrol.
Parf a discount on upfront taxes, hence no cash refund
The Parf is a tax concession accorded to vehicle owners who scrap and replace their cars before the vehicles are 10 years old.
COEs to be reduced from next year
Number of Certificate of Entitlement to buy vehicles will be cut from 4% to 1.5%.
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