Tuesday, February 23, 2010

At the moment we still have vehicles older than 10-15 years plying on Indian roads

Key to-dos for the auto sector

Five imperatives for the automotive sector, according to Abdul Majeed, India Leader for Automotive Practice, PricewaterhouseCoopers, are the following: Continue with the stimulus package to sustain growth momentum in the industry; promote adoption of ‘green technology' by introducing duty cuts and lower tariffs on components used in EFVs (environment-friendly vehicles); consider stimulus packages focussed on new technologies; introduce scrappage incentive scheme to replace the old fleet of vehicles; and continue the thrust on infrastructure, particularly the roads. Here are excerpts from a brief pre-Budget email interaction between Majeed and Business Line

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