It’s glad to know that India as a whole is contributing to boost the most indispensable part of the growing Indian economy.
After the heavy decline is domestic car sales, Indian car manufacturers, auto components manufacturers, OEMs, SIAM and even the Government of India is lending out its hand to boost sales and export of vehicles.
The government has come up with a scheme known as Focus Market Scheme (FMS). Under the scheme, the government will give cash-incentives to auto exporters for exporting vehicles to the targeted global markets. The FMS covers emerging markets like Africa, Latin America and the CIS bloc along with other developed countries.
The key motive of the scheme is to incentives to escalate the competitiveness of the Indian automobile industry overseas. Indian car exporters like Hyundai Motor India and Maruti Suzuki hope to take advantage of the cash-back scheme offered under FMS.
Such a kind of unity in the country will definitely take the Indian auto industry to great heights.
Labels: Auto Exports, Domestic-Car-Sales, Indian-Car, Indian-Car-Manufacturers
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