Indian Automotive Sector and Budget 2018

[Akash1886]

Friends,

Views of Mr. Raman Mittal, Executive Director, Sonalika ITL on the budget announcement made today​

“The Union Budget 2018-19's strong pro-farmer focus can provide a much-need stimulus to the agriculture sector. Increasing MSP on Kharif crops, larger food processing sector allocation, and other farm programmes can accelerate the sector's growth. We also appreciate the budget’s focus on increasing farmer income and profitability, through better farm price realization and adoption of low cost farming practices. The resulting growth can incentivize farmers to invest in mechanisation to expand the volume of produce from their land parcels.”

Regards

Akash

 

[Akash1886]

Friends,

Mr. Sudarshan Venu - Joint Managing Director, TVS Motor Company

View of Mr. Sudarshan Venu - Joint Managing Director, TVS Motor Company on Union Budget 2018-19.​

“The Union Budget 2018/19 demonstrates government’s intent to boost investments in rural development, education, healthcare and social sectors and will lead to continued and inclusive economic growth. The strong push for infrastructure will also support this growth agenda. The government’s focus on supporting local manufacturing, skill development under Pradhan Mantri Kaushal Kendra and a heightened emphasis on job creation will lead to greater opportunities for the youth of the country.”

Regards

Akash

 

[Akash1886]

Friends,

Reaction on the Union budget from Mr. Jerome Saigot, MD, Nissan India.​

“Union Budget 2018-19 is a reaffirmation of the government’s commitment to sustainable economic growth. The sustained focus on building road and transport infrastructure, skill development and job creation will help in in creating a positive mood in the economy. The stimulus to the agriculture and rural infrastructure will further drive consumer demand in the rural markets benefiting the auto sector and economy overall.”

Regards

Akash