 "Budget 2013-14: Wishlist")
Key developments
Recent initiative by Department of Heavy Industry to release the National Mission for Electric Mobility is a welcome move. It has several recommendations on how to fast-track the introduction and manufacture of electric vehicles (including hybrids)
Government’s decision to deregulate diesel prices will help bring a balance in the sale of petrol and diesel cars
Liquidity and high interest rates impacted the sector for the major part of the financial year, which led to a subdued consumer demand (Click on graphic)