SIAM is the Apex National Body representing Indian Automobile Industry


Vehicle Category Excise Duty
Small cars 12.5%
Length >4m but engine capacity less than 1500cc 24%
Length >4m and engine capacity more than 1500cc 27%
SUVs/MUVs (length >4m, engine capacity >1500cc and Ground clearance >170mm) 30%
Hybrid cars 12.5%
Specified components of Hybrid vehicles 6%
Electric cars, Buses, 2W & 3W 6%
Specified components of Electric vehicles 6%
Buses 12.5%
Trucks 12.5%
Three wheelers 12.5%
Two wheelers 12.5%