Maruti Suzuki's Shashank Srivastava calls for steps to revive economic growth
Shashank says lucrative financial schemes and plans can add to the increased purchase power of consumers.
The 2021 Union Budget will be announced on February 1. All companies, consumers and companies are all ears and eyes to Finance Minister Nirmala Sitharaman. For a country battered by a prolonged economic slowdown, harangued by the Covid-19 pandemic and beleaguered by job losses galore, multiple demand boosters are the need of the hour.
Speaking at Autocar Professional’s webinar, ‘Taking Stock’ on the outlook for the automobile sector for 2021,
Shashank Srivastava, executive director, Marketing and Sales, Maruti Suzuki India, commented, “Any steps to reduce the cost of acquisition of PVs will help. Reduction in road taxes/registration taxes will help. Any step that helps revival of economic growth and GDP will help the passenger vehicle segment.”
Srivastava added that, “Lucrative financial schemes and plans can add to the increased purchase power of consumers. Government has to look at the additional cost involved with regulatory changes and postpone introduction of new norms accordingly, till the industry comes to a certain level.”
RELATED ARTICLES
Modern Automotives targets 25% CAGR in forged components by FY2031, diversifies into e-3Ws
The Tier-1 component supplier of forged components such as connecting rods, crankshafts, tie-rods, and fork bridges to l...
VinFast’s second plant in Vietnam goes on stream ahead of India factory
Vietnamese EV maker’s second plant in its home market, which has a 200,000 EVs-per-annum capacity, will focus on produci...
Continental exits TBR market in India, shifts focus to car and SUV radials
German tyre manufacturer aims to tap the double-digit market growth opportunity for big SUV and luxury car tyres which w...