Dillip Chenoy, Director General, SIAM
B&E: On the Automotive Mission Plan.
DC: As far as the AMP is concerned, it is well on track and I
think the 10% (as part of the GDP) mark is achievable. Earlier the government thought that the AMP was a bit conservative. Soon the Ministry of Heavy industries will start to initiate the plan and things will move in a positive direction.
B&E: Causes for general market volatility in the Indian auto market.
DC: Increased operating costs, interests rates and a depressed market is putting pressure on the industry as people are postponing their purchases. If the interests rates are reduced, it is beneficial for the consumers. When sales increase it is good because there is volume in the market.
B&E: On the resurrection of the two-wheeler industry after a continuous bad phase.
DC: The two-wheeler industry has gone through some tough times in the last few years, therefore it has now taken a couple of initiatives and plans like launching new products and schemes which have brought back the sales numbers.
B&E: On the July 2008 sales.
DC: There are three factors discussed this month, first growth of passenger vehicles has been lower then expected. Secondly, the two-wheeler industry has grown well, and thirdly commercial vehicles and three-wheeler sales have improved this month as compared to the last couple of months.
B&E: What factors helped the commercial vehicle segment?
DC: For commercial vehicles, I think that apart from infrastructure, a great emphasis has been provided by the government through public transportation programmes like the BRT. This has helped increase sales.
B&E: Is the two-wheeler industry suffering because of the four-wheelers?
DC: There is enough scope in the market; therefore four-wheeler sales will not eat away the market shares of the two-wheeler industry. We hope that the industry continues to grow at double digits.
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2008
B&E: On the Automotive Mission Plan.
DC: As far as the AMP is concerned, it is well on track and I
think the 10% (as part of the GDP) mark is achievable. Earlier the government thought that the AMP was a bit conservative. Soon the Ministry of Heavy industries will start to initiate the plan and things will move in a positive direction.B&E: Causes for general market volatility in the Indian auto market.
DC: Increased operating costs, interests rates and a depressed market is putting pressure on the industry as people are postponing their purchases. If the interests rates are reduced, it is beneficial for the consumers. When sales increase it is good because there is volume in the market.
B&E: On the resurrection of the two-wheeler industry after a continuous bad phase.
DC: The two-wheeler industry has gone through some tough times in the last few years, therefore it has now taken a couple of initiatives and plans like launching new products and schemes which have brought back the sales numbers.
B&E: On the July 2008 sales.
DC: There are three factors discussed this month, first growth of passenger vehicles has been lower then expected. Secondly, the two-wheeler industry has grown well, and thirdly commercial vehicles and three-wheeler sales have improved this month as compared to the last couple of months.
B&E: What factors helped the commercial vehicle segment?
DC: For commercial vehicles, I think that apart from infrastructure, a great emphasis has been provided by the government through public transportation programmes like the BRT. This has helped increase sales.
B&E: Is the two-wheeler industry suffering because of the four-wheelers?
DC: There is enough scope in the market; therefore four-wheeler sales will not eat away the market shares of the two-wheeler industry. We hope that the industry continues to grow at double digits.
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2008
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