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Old May 22nd, 2014, 03:23 AM
rahulkumar15 rahulkumar15 is offline
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Auto Industry and New Govt.

India's automobile industry is now threading hopes from the new government, led by Narendra Modi. The hole industry is expecting stability in fuel price, reduction in interest rates, excise duties to be in favour of car makers.

"I think at the moment the industry is in such shape that removing that concession (excise duty cut) would be very negative, so I hope that will continue. Creation of jobs, moving manufacturing to a much faster rate of growth, getting good governance in the country, whatever is required to do these would be areas that form priority of the government," said R C Bhargava, chairman of Maruti Suzuki India.

“With a new stable government in place, we expect early implementation of second generation economic reforms like Goods & Service Tax and Direct Taxes Code (DTC) and speeding up of stalled infrastructural projects to revive the economy. A clear leadership at the center will give a much needed direction to the economy. Implementation of new labour reforms will lead to creation of jobs, especially in the manufacturing sector,” said P Balendran, Vice President, General Motors India.

Source: Autojunction.in
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Old May 22nd, 2014, 04:09 AM
ungalprasad ungalprasad is offline
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Re: Auto Industry and New Govt.

Quote:
Originally Posted by rahulkumar15 View Post
The hole industry is expecting stability in fuel price, reduction in interest rates, excise duties to be in favour of car makers.
He is Brahmchari and obviously not in favour of Hole Industry.
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