Union Budget 2016: Reduction in import duties should be top priority, says Nissan India
President of Nissan India operations, Guillaume Sicard had this to say about the company's expectations from the upcoming Union Budget 2016.
"Industry sentiments are positive and we have seen all the right initiatives e.g. Make in India & Skill India taken by the Government. We expect that the Union Budget 2016 will pitch for stability as well as keep the momentum of growth going. The government will attempt to set off a rising tide that will lift all boats.
One of our top expectations would be a rationalisation plan for excise duty on passenger cars and reduction in import duties on spare parts, which, in turn, will reduce the manufacturing cost of vehicles. The second one is a strong, measurable and effective old-vehicle scrappage policy which will contribute to cleaning up the air in the cities and making our roads safer, while creating enormous demand for environment friendly automobiles. The third expectation from the Budget is to bring measures that incentivises assembly and production of hybrid passenger vehicles in India."
- NewsF1: 2018 will be Fernando Alonso's last season in Formula 1
- NewsIndia Baja 2018: TVS Racing announces six-rider line-up
- News2018 Msports X30 Karting Championship: Shahan Ali Mohsin overcomes early upsets to win in Junior category
- NewsBMW M2 Competition set to debut in India soon
- News2019 Honda HR-V crossover facelift unveiled, to be powered by 1.5-litre i-VTEC
- NewsLiberty Walk transforms the Suzuki Jimmy into a mini G-Class
- NewsBMW X7 flagship SUV shows its off roading capabilty in new teaser
- News2019 Kawasaki Ninja H2 gets more power, Brembo Stylema calipers and a self healing paint
- NewsBajaj Pulsar NS160 with rear disc brakes spotted at dealership
- NewsToyota Rush SUV to launch in Pakistan soon, India launch next?