| Topic : Automobile Industry in India |
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Manufacturing & Engineering Professionals |
Global Automotive Forum |
Life on a fast lane |
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5 comments
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last activity : 07 06 2010 20:18:04 +0000
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There is huge buzz in the Auto sector in India, as there is news that ministry of heavy industries is going to be setting up seven Auto Testing Centres to make India an auto hub.
The cars would be tested in these centres before they are rolled out on the roads. In these auto testing centres, car manufacturers belonging to other countries like Indonesia, Malaysia and Thailand would be allowed to test their products as part of the government attempt to invite more FDI participation in the automobile sector.
Till now car manufacturers had to go to Europe or US for testing their products, and this is for the first time that India is setting up such centres with fully government-aided funds of Rs 1800 crore. These centres would become operational by September 2011 in places like Manesar, Pune, Ahmed Nagar, and Raibarelli, among other places.
It is also said that the ministry of heavy industries is pressurizing the finance ministry to waive off Special Excise Duty (SED) of Rs 15,000 and Rs 20,000, respectively, in cars with capacities ranging from 1500 CC to 2000 CC. The finance ministry last year had levied the aforesaid SED on big fuel guzzler cars to contain carbon emissions in atmosphere.
The ministry of heavy industries had last year also lobbied for the withdrawal of SED. But its request was turned down by the finance ministry. We are again pressurizing the ministry to waive it off, for which provisions are likely to be incorporated in next fiscal budget.
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