The Indian auto industry is suffering due to low sales and various other problems. In a hope to revive the industry, a senior level SIAM team lead by Mr. Vikram Kirloskar, President called on Ministers of Commerce, Road Transport, Environment and Heavy Industries , on 16th and 17th June 14.
The objective of these meetings was to apprise the Ministers of the current status and challenges being faced by the industry. The SIAM delegation also highlighted the potential of the industry to contribute to the growth of manufacturing, exports as well as to the economy as a whole, including rural sector.
Specific suggestions made included continuation of the reduced excise duty on vehicles, new foreign trade policy, enhanced export incentives for vehicles, streamlined and free inter-state movement of vehicles, promotion to electric and hybrid vehicles and prevention of overloading, encouraging alternative fuel vehicles, enhancing road safety, Emission and Fuel Efficiency norms, Fleet Modernisation and Scrappage policy etc.
“We were very encouraged by the response of all the Ministers and feel confident that Government would take a clear and holistic view of the automotive industry and work towards creating an enabling stable policy framework to ensure sustained growth of the auto industry,” said Mr. Kirloskar in an official statement.
We hope the newly elected ministers take the right decisions towards the betterment of the Indian auto industry.