Thursday, Sep 19 2019 | Time 05:47 Hrs(IST)
  • At least 29 killed in Liberian school fire, 2 missing: official
  • Palestine ready to negotiate with whoever wins Israeli election - Foreign Minister
  • Pompeo, Saudi Crown Prince agree Iran must be held accountable for oil attack - State Dept
  • Sri Lanka's presidential elections to be held on Nov 16
  • Saudi crown prince expresses keenness to launch int'l probe into oil plants attack
  • Iranian-Made Delta Wing drone attacked Saudi Aramco facilities - Saudi Defense Ministry
  • MP Govt spends Rs 325 cr in combatting nature’s fury
  • Rain sets record in MP
  • Netanyahu announces establishment of right-wing, religious bloc for government talks
  • Thane Mayor gets life threat from Dawood
Business Economy

Auto industry welcomes return of strong and stable govt

Auto industry welcomes return of strong and stable govt

New Delhi, May 24 (UNI) Auto Industry welcomed the return of a strong and stable government at the Centre.

The industry has expressed hope and optimism about the government taking appropriate steps for driving economic growth of the country and reviving the demand cycle.

Further, the industry is hopeful that the government accords the status of ‘priority industry’ for the auto industry.

SIAM president Rajan Wadhera said, 'I congratulate Prime Minister Narendra Modi for the thumping victory in the elections. With the new government in place, I am hopeful that India will soon be on the path of economic growth, leading to revival of the demand cycle for all consumer goods including automobiles.'

Mr Wadhera added, 'I am hopeful that the government accords priority industry status to the auto Industry and the industry looks forward to working closely with the government towards driving competitiveness and growth of the Indian auto industry.'

SIAM Director General Vishnu Mathur added 'As of now, the industry is going through a difficult period with a slowdown in demand across all segments. We hope that initiatives by the new government will help revive the demand. Also, the industry looks forward to working with all concerned ministries for a smooth transition to BS VI.'

He re-iterated that SIAM would continue to closely partner with the government in ensuring an even greater role of the auto industry in building the nation, responsibly.

The ruling BJP is all set to begin its second five-year innings under the leadership of Mr Modi with the BJP achieving a landslide victory in elections to the 17th Lok Sabha in the 543-member Lower House.


More News

Bajaj Allianz Life unveils country’s first ever Life Goals Preparedness Survey

18 Sep 2019 | 7:54 PM

Chandigarh, Sep 18 (UNI) Bajaj Allianz Life Insurance Company Limited, one of the leading private life insurance companies in the country, on Wednesday unveiled the first of its kind survey on country's Life Goals Preparedness Survey here which showcased the new age goals of Indian Millennials, as well as provided insights as to how young India is preparing to achieve its unconventional life goals.

see more..
NALCO declares  record dividend payout of Rs 1072 73 crore for FY 2018-2019

NALCO declares record dividend payout of Rs 1072 73 crore for FY 2018-2019

18 Sep 2019 | 7:38 PM

Bhubaneswar, Sep 18 (UNI) The National Aluminium Company Limited (NALCO), the Navratna PSU under Ministry of Mines, has registered a record dividend payout of Rs 1072.

see more..

Indian Bank board approves Allahabad Bank merger

18 Sep 2019 | 7:14 PM

Chennai, Sep 18 (UNI) The Board meeting of the public sector
on Wednesday gave its in principle approval for the merger of
Allahabad Bank with it.

see more..

Balmer Lawrie and Company records net turnover of Rs 1,857crore

18 Sep 2019 | 6:56 PM

Kolkata, Sep 18 (UNI) Balmer Lawrie and Company Ltd.

see more..