Narendra Modi-led government, expected to bring reforms in auto sector

India is all set to experience a new era with the renewal of government. While Narendra Modi takes the charge of Indian government system, here's what the automobile industry expects out of the system:

·         No change in the current excise duty.

·         Faster growth rate in manufacturing.

·         Improvement in customer sentiment.

·         Fall in interest rates to make vehicle financing attractive for the customers.

·         GST and DTC implementation.

·         A speedy pick up of stalled infrastructural projects.

·         Initiatives to enhance footfall in auto dealerships.

·         More job opportunities.

Auto Expo 2014 preview; expect glory at its best!

Looking at early signs, Auto Expo 2014 is expected to be the biggest auto show that India is going to witness in its history. In comparison to a figure of 40 in 2012, this year 47 vehicle manufacturers are going to participate. 69 model launches (58 in 2012) are anticipated along with 15 global unveilings; all this promises to make the petrol (and diesel) heads go drool. The venue area at India Expo Centre is 64,000 sq m which was 44,000 sq m in 2012.   

As the director general at SIAM, Vishnu Mathur is going to steer the auto show for the second time after he joined the apex auto industry body in 2010. Happening in Greater Noida for the first, this auto show is probably going to be the biggest bash for Rs144,000-crore auto industry. And, this certainly means that a big number is at stake for the man along with the sector.