Budget reaction 2013: Nissan Motor India
There is no significant or drastic change in the budget this year. The 2013 budget is a "budget in motion" as it continues to focus on growth in predominantly primary sectors like agriculture, infrastructure and education. This growth will in turn support the growth in other sectors including the automobile industry.
We are very happy about the investment allowance of 15% for investments above Rs 100 Cr as a tax incentive. We stand to benefit from this as we have plans to expand our operations in India.
We are also happy about the Chennai - Bengaluru Industrial Corridor to be developed jointly by the Department of Industrial Policy and Promotion (DIPP) and the Japan International Cooperation Agency (JICA). This industrial corridor will play an important role in terms of logistics infrastructure for companies like ours which are present in the said region.
The excise hike for SUV will not have a drastic impact; it is most likely to distinguish the price barometer between sedans and SUVs even more clearly than ever before.
