India Budget 2015: Increase in customs duty for CV disappointing, Scania

While the increase in customs duty for commercial vehicles is disappointing, overall the positives outweigh the negatives, says Anders Grundströmer, Managing Director, Scania India and Senior Vice President, Scania Group.

Anders Grundströmer

“We at Scania feel overall, this is a balanced budget with emphasis on Manufacturing as part of Make in India along with appropriate importance to skilling India. We also like the Government’s commitment to make the development process as environment friendly as possible. While the increase in customs duty for commercial vehicles is disappointing , overall – the positives outweigh the negatives. The clear commitment to implement GST by April 1, 2016 which is a game changer, easing of norms to aid flow of technology, flow of capital, and focus on sustainable development along with a road map of clearly stated goals in terms of 1 Lakh KMs of roads, doubling the clean energy cess on use of coal and launch of a scheme for faster adoption are all measures in the right direction. However, we would have liked to have seen more clarity around the country’s bio-fuel agenda and sustainable solutions in the transport sector. Bio-ethanol promises carbon savings of about 70%. Overall, the broad contours are all positive and we look forward to partnering with India on this exciting journey”, Grundstromer added.

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