The decision to keep the excise duty intact is at 10% is very positive for the automotive industry. This will help the industry to keep the momentum of growth witnessed in the last two years. At a time when the country is battling inflation, this will help the auto industry to remain price competitive. As a leading supplier of engine valves, we at Eaton believe that this will set a positive outlook for growth.
Ramchandhra Rao, Executive Director – Automotive Division – India, Eaton Corporation