The auto-makers are looking forward to announcement of sector-friendly policies in the Union Budget 2015-16. We believe that the reduction in excise duty will bring about a significant growth in the new and used car sales.
Auto makers are also hoping for support from the government in order to ease their investment plans to set up manufacturing base in India. The upcoming budget, if it is in favour of the auto industry can be encouraging for domestic as well as global players to set up more facilities in India, thus helping price their products attractively and passing on the benefits directly to the customers. With such global facilities and promising growth, there will also be a rise in job opportunities attracting young talent.