Budget 2016 – Here’s what India’s Auto Sector wants
Advertisement
Advertisement
Budget 2016 is just round the corner. Going by the stats, India has the potential to become a manufacturing hub for international companies. That will help not only in increasing employment, but will also pump significant capital into the economy.A strong upward curve in the sales of commercial vehicles and consistent growth in the passenger car volumes has boosted India’s
Passenger Vehicles:
Report: Passenger Car volumes have shot up for over a year straight – 14 months to be exact. The segment saw a cumulative growth of 9%. However, this effect is limited to the two segment leaders- Hyundai and Maruti.
To Do: Industry needs steps to boost infrastructure.
Advertisement
Report: The two-wheeler market has seen a slowdown. It’s fell 2.5% in the April-December period.
To Do: If the government pours something into the rural sector, numbers will shoot up again.
Report: Commercial vehicle volumes jumped 8.5% in the April-December period. They’ve been doing well. Medium and heavy commercial vehicles can repeat the 30% volume hike, just like in 2015, but with the appropriate measures.
To Do: Invest more in infrastructure, just like in Budget 2015.
Advertisement
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- An Ambani disruption in OTT: At just ₹1 per day, you can now enjoy ad-free content on JioCinema
- SC rejects pleas seeking cross-verification of votes cast using EVMs with VVPAT
- Ultraviolette F77 Mach 2 electric sports bike launched in India starting at ₹2.99 lakh
- Deloitte projects India's FY25 GDP growth at 6.6%
- Italian PM Meloni invites PM Modi to G7 Summit Outreach Session in June
- Markets rally for 6th day running on firm Asian peers; Tech Mahindra jumps over 12%