The Union budget to be presented on Monday is due from the new government (Govt.). The common man is expecting a lot from the new Govt. as a true representation of a secular Govt. with a progressive outlook.

The Auto industry, auto buyers, and the auto enthusiasts are all waiting eagerly for the new budget and its long term implications on the auto industry in the country. 

The Govt. is anticipated to continue its current CENVAT cut of 4 percent currently prevailing in the auto market by most of the auto companies in India. All the auto companies even want the reduction of 8 to 10 percent in excise duty by the Govt. 

The relaxation towards the hybrid models is one of the much anticipated actions from the new Govt. More eco-friendly models including hybrid models are planned to be launched by the auto companies in near future. Currently no incentives are offered by India for importing eco-friendly cars to the auto industry. 

Car buyers and auto makers are searching for an availability of better finance options to increase liquidity in the market. The sales drip is not grown up to the expectations of these auto companies. 

Top Selling Car Models: Audi | BMW | Chevrolet | Fiat | Ford | Honda | Hyundai | Mahindra | Maruti | Mercedes | Mitsubishi | Skoda | Tata | Toyota | Volkswagen | Volvo | Nissan | Lexus

Best Selling Bike Models: Bajaj | Hero | Hero Honda | Honda | Indus | Kinetic | Royal Enfield | Suzuki | TVS | Yamaha

Related Books:
The Legendary Custom Cars and Hot Rods of Gene Winfield
It's Only Original Once: Unrestored Classic Cars
Marty Robbins: Fast Cars and Country Music

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Posted by Naresh Koshti on 3 July, 2009 10:41:52 AM IST #