The Indian government on Thursday said that it plans to frame a new “automobile policy” keeping in mind the industry’s concerns and growth needs and also urged companies to shift towards lower emissions on the second pre-open day of the 14th edition of the Auto Expo.
In his address at the inauguration of the Auto Expo 2018, Union Minister for Heavy Industries and Public Sector Enterprises Anant Geete said that the aim will be to have a growth-oriented, industry and consumer-friendly policy for the sector.
He assured the industry that the government will hold consultations with it before framing the new policy.
“The ministry has decided to draft a new automobile policy which will be industry and consumer-friendly. We will consult everyone before framing the policy, especially the industry associations such as SIAM and ACMA,” Geete said.
“We also want to make some changes in the yardsticks of taxation, and all these issues will be included in the new auto policy after due consultation with all the stakeholders.” Company-wise, 21 exhibitors unveiled over 16 products and launched 8 new offerings on the second pre-open days at the India Expo Mart located in Greater Noida.
Automobile major Maruti Suzuki launched the third generation of its iconic brand – Swift – hatchback priced at between Rs4.99 lakh and Rs6.96 lakh (ex-showroom Delhi) for the petrol variant.
An electric concept car is seen at the Auto Expo 2018 in Greater Noida, Uttar Pradesh. The Indian government yesterday urged companies to shift towards lower emissions.
LEAVE A COMMENT Your email address will not be published. Required fields are marked*
Vodafone Qatar and Barwa Bank sign deal for QR911mn credit facility
QDF’s TAG Heuer store at HIA is global ‘top performing boutique’
QNBFS tops 10 QSE brokerages in Jan-April trading turnover
Why UAE is turning to expats to boost growth
Australia’s Santos gets $10.8bn sweetened offer from Harbour
Japan’s trade surplus with US rises
European stock markets rise as China, US avert trade war
BP back on its feet, but CEO senses no respite
Ryanair warns of airline shakeout as fuel costs claim weakest