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Skoda Auto Volkswagen pitches for policy continuity, customs duty reforms

Share FacebookTwitterWhatsAppPinterestLinkedinCopy URLTelegramEmailTumblrReddItPrintKoo New Delhi, Jan 25 : Policy continuity, infrastructure growth and a stronger electric vehicle ecosystem in the upcoming Union Budget will be critical for sustaining momentum in the automotive sector, according to Skoda Auto Volkswagen India MD and CEO Piyush Arora. The Pune-based brand, which manages the Indian operations of six brands, Skoda, Volkswagen, Audi, Bentley, Lamborghini and Porsche, also emphasised the importance of customs reforms and bilateral trade agreements to support global integration. In an interaction with PTI, Arora said the GST reforms introduced last year led to the revival of the domestic passenger vehicle industry.

Skoda Auto Volkswagen pitches for policy continuity, customs duty reforms

Credit: Dailyexcelsior

Key Highlights

  • “And from that point of view, if there are some important duties in the electric (vehicle) space that can be addressed (in the Budget) going forward, it would help… Continuity is extremely important for our sector, along with further focus on infrastructure growth and building up the EV ecosystem,” he said.
  • Besides, customs tax reforms would help multinational companies manage both exports and imports, Arora stated.
  • On regulatory issues, he pointed out that there has been a delay in the final notification of the latest Corporate Average Fuel Economy (CAFE) norms, and said a clear roadmap and consistency across technologies would be a welcome step.
  • On the India-EU free trade agreement, Arora noted that it could open opportunities for brands like Skoda, Volkswagen, Audi, Porsche and Bentley.
  • “The bilateral trade agreements help to bring products and technologies much faster into the relevant market, he added.
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Sources

  1. Skoda Auto Volkswagen pitches for policy continuity, customs duty reforms

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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