H1 2014 has been slow for the auto industry, but Skoda India has reported sales decline below the market average. Despite continues sales decline from January-June, Skoda wouldn’t be too disheartened as it focuses on reinventing itself as a premium vehicle brand here, focusing on sustainable profit over sales volume growth.
Ministry of Road Transport & Highways (MoRTH) has extended its pilot project of cashless treatment worth Rs 30,000 to accident victims on National Highway stretch of Mumbai Baroda, and Ranchi Jamshedpur. The pilot project is operational on the 226 Km Gurgaon-Jaipur National Highway No 8 stretch.
Mr. Joe King, Head, Audi India expects that announcements made by the Finance Minister lead to improving economic sentiment, which as a result would benefit Indian automobile industry in the long run.
Arvind Saxena, President and Managing Director, General Motors India viewed the budget as a reform oriented one focused on infrastructural development, education, skill development, agriculture, irrigation, health care, and more.
Vinay Piparsania, Executive Director, Marketing, Sales and Service, Ford India views the Union Budget as growth oriented, presenting a progressive roadmap to spur investments and infrastructure development.
Managing Director Dassault Systemes India, Dr. Chandan Chowdhury’s budget expectation for the automobile industry pointed towards managing current inventory of finished goods with OEMs.
International Road Federation (IRF) Chairman, K.K. KApila welcomed Union budget allocation of Rs 37, 850 crore through 2014-15 for road and highway development via National Highy Authority of India (NHAI) towards better connectivity.
Indian auto component sector’s apex body ACMA welcomes Union Budget announcements that are a bid to foster national economic growth. Focus on infrastructure development, education, skilling, infrastructure development and attracting investment are being hailed.