Quote from Mr. KN Radhakrishan, President and CEO, TVS Motor Company on budget expectation
“The Indian auto industry observed strong rate of growth throughout 2016, largely driven by positive policy measures, healthy economic environment leading to robust demand across consumer pockets. It is furthermore crucial for sectors like automobile as it affects the larger operating ecosystem of the sector, which is linked with infrastructural developments, manufacturing policies and frameworks, tax regime etc. In budget 2017, we expect the government to introduce balanced economic measures which enhance ease of doing business within the country, boost consumer demand and catalyze economic growth. Therefore, in our view the finance ministry must minutely evaluate these crucial economic contributors and lay necessary thrust on each one of them, so as to give further impetus to growth and enhance disposable incomes and boost spending.”