Auto Budget 2016: Introduction of new taxes on vehicles will only dampen the spirit, says SIAM

Vinod Dasari, president, Society of Indian Automobile Manufacturers (SIAM) said that the Union budget for the fiscal year 2016-17 is a mixed bag for the Indian automobile industry. The Union Budget aims to boost the rural economy of the country and the biggest positive in the announcements made by Hon’ble Finance Minister, Arun Jaitley, is the impetus given to the rural, agricultural and infrastructure segment. We believe that this will help boost the consumer sentiments of rural India, which had been subdued for more than a year. We believe...

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Updated Date: Feb 29, 2016 18:05:38 IST