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Infrastructure provision may boost commercial vehicle ... · Infrastructure provision may ... Study...
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An initiative of The Economic Times Infrastructure provision may boost commercial vehicle demand: Study Sustainable recovery of CV industry would depend on successful implementation of initiatives such as Make In India, Goods and Services Tax (GST) and Smart City. PTI | MUMBAI: The budgetary provision of Rs 70,000 crore to boost infrastructure coupled with lower fuel costs and reduced interest rates is likely to boost demand for commercial vehicles (CV), Care Ratings has said. "The Rs 70,000crore infrastructure push during the Union Budget 201516 and passage of the legislation that opened the doors to commercial mining would boost demand for CV in the shortterm. Furthermore, lower fuel costs and reduced interest rates would assist demand for CV in FY16," the credit rating agency report said. EXCLUSIVE INTERVIEW To move the country of billion plus and policies takes time SIDDHARTHA LAL ETAuto.com ET Home News Features IndustrySpeak International Careers Data & Analytics Passenger Vehicle Commercial Vehicle Two Wheelers Components Industry Aftermarket Policy People Movement New Launches More #Commercial Vehicle » #LCVs » #Union Budget #Mhcvs #make in India #interest rates #GST #FDI 20 June 2015, 7:08 AM IST Commercial Vehicle Mahindra to lau take on Tata Ac
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Transcript of Infrastructure provision may boost commercial vehicle ... · Infrastructure provision may ... Study...
6/22/2015 Infrastructure provision may boost commercial vehicle demand: Study | ET Auto
http://auto.economictimes.indiatimes.com/news/commercialvehicle/lcv/infrastructureprovisionmayboostcommercialvehicledemandstudy/47742663 1/5
An initiative of The Economic Times
Infrastructure provision mayboost commercial vehicledemand: StudySustainable recovery of CV industry would depend on successfulimplementation of initiatives such as Make In India, Goods and Services Tax(GST) and Smart City.
PTI |
MUMBAI: The budgetary provision of Rs 70,000 crore to boost infrastructure coupled withlower fuel costs and reduced interest rates is likely to boost demand for commercial vehicles(CV), Care Ratings has said.
"The Rs 70,000crore infrastructure push during the Union Budget 201516 and passage ofthe legislation that opened the doors to commercial mining would boost demand for CV inthe shortterm. Furthermore, lower fuel costs and reduced interest rates would assistdemand for CV in FY16," the credit rating agency report said.
EXCLUSIVE INTERVIEW
To move the country of billionplus and policies takes timeSIDDHARTHA LAL
ETAuto.com
ET Home News Features IndustrySpeak International Careers Data & Analytics
Passenger Vehicle Commercial Vehicle Two Wheelers Components Industry Aftermarket Policy
People Movement New Launches More
#Commercial Vehicle » #LCVs » #Union Budget #Mhcvs #make in India #interest rates #GST
#FDI
20 June 2015, 7:08 AM IST
Commercial Vehicle
Mahindra to launch Jeeto mini truck totake on Tata Ace Zip
6/22/2015 Infrastructure provision may boost commercial vehicle demand: Study | ET Auto
http://auto.economictimes.indiatimes.com/news/commercialvehicle/lcv/infrastructureprovisionmayboostcommercialvehicledemandstudy/47742663 2/5
According to the report,increasing usage of hub andspoke model would createdemand for more lightcommercial vehicles goodscarrier (LCVGC) to effectively
However, it noted that sustainable recovery of CV industry would depend on successfulimplementation of initiatives such as Make In India, Goods and Services Tax (GST) andSmart City, combined with ease of doing business.
"The decision of creating 100 smart cities by 2022 would generate huge opportunity for CVoriginal equipment manufacturers (OEMs) in the longterm. Smart city project on the otherhand would aid the organised retail sector to flourish...which in turn would lead toproliferation of 'hub and spoke' model for transportation and better logistics infrastructure forimproving efficiency," CARE said.
Since the launch of Make in India campaign inSeptember last year, the foreign direct investment(FDI) during October to February has surged by 56per cent, the report said.
"Global CV giants like Scania Motors and DaimlerMotors have already committed to set up projects
6/22/2015 Infrastructure provision may boost commercial vehicle demand: Study | ET Auto
http://auto.economictimes.indiatimes.com/news/commercialvehicle/lcv/infrastructureprovisionmayboostcommercialvehicledemandstudy/47742663 3/5
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here and plan to increase exports out of India. TheMake in India initiative would not merely push exportdemand for CV but also improve domestic demand on
account of higher industrial output translating into higher freight demand," it said.
With the revival in commercial vehicle demand, the agency expects income and profitabilityof manufacturers to improve. "In theshort term, the income of CV manufacturers is likely toimprove owing to revival in CV demand," it said.
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