Quote on expectation from Union Budget 2017 to be attributed to Mr Tom von Bonsdorff, Managing Director, Volvo Auto India.
Tom von Bonsdorff, Managing Director, Volvo Auto India, We expect the government to bring in measures that will boost consumer sentiments and announce a policy roadmap that would fulfil potential of the auto industry. India requires critical thinking about environmental pollution and should be receptive of new technologies adopted by automobile industry. There is a need to revisit the existing import duty structure for hybrid vehicles. We are expecting that the Union Budget 2017 will introduce more incentives or schemes like Faster Adoption and Manufacturing of Hybrid and Electric (FAME) scheme to promote eco-friendly driving and mobility.