Car manufacturers are struggling hard to cope up with the hard hit of global recession. Some are cutting down their car prices, some are replacing expensive car components with cheaper one. While many are offering special discounts for corporate and government employees and few are even cutting down their production.
At the other end of the spectrum automotive manufacturers strongly feel that Government must also move hand in hand with them to help stoke the demand in the economy. They believe that if government reduces the excise duty, it will help them to reduce car prices and deliver best to their esteem customers. Car manufacturers think that reduction in excise duty, indirect taxes, fiscal stimulus, and improved infrastructure would help boost auto industry in the country.
Surprisingly, the rate of inflation is coming down with the reduction in oil prices. All take this is as a golden opportunity to look ahead to the future growth of the auto industry in India. Industry, Government, and Economy all look ahead towards a brighter vision.
Labels: Car-Manufacturers, Car-prices
2 Comments:
Ya, you are right. I think that it's high time that everyone should think about the furture of the car industry. There are various challenges that the industry has to face and now when global recession has hit the industry so badly, government, auto industry, car manufacturr should all work together to achieve a significant growth in the industry.
Car Industry is truly hit hard by the economic crisis. Hope the cost cutting process will help till the recession gets over. Government should in this time do their part to help the industry.
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