SIAM Post Budget Statement

Post budget quote from Mr Kenichi Ayukawa, President, Society of Indian Automobile Manufacturers (SIAM )

In a visionary budget, the government has adopted an expansionary stance with a thrust on infrastructure building with measures for efficiency improvement and increasing competitiveness. Good macroeconomic growth will translate to good auto sector demand. Specifically, the vehicle scrappage scheme has a good intent and the auto industry would be keen to work with the Government on suggestions for maximizing benefits to environment and society.