The Society of Indian Automobile Suppliers (SIAM) on Friday stated the GST rates on automobiles were on the expected lines and practically all segments of the industry have benefitted by way of a lowered all round tax burden in varying degree. I notice that your automotive market place is extremely fragmented and that the variety of automobile producers offerred is more than-saturated by the selection of makes and models readily available-I guess you had to do that to appease your trading partners (your beef and minerals…their automobiles).
See the update beneath, it could be an intriguing period in the Australian Motor Industry. I see you are nevertheless driving SUVs, my desires of vehicle have gone previous the significant auto stage and I am thinking of moving on from the Ford Falcon to some thing smaller sized and mainly because of its age it will want some main repairs before extended.
The issue goes back to the mid 1940s, when the government decided to comply with the US auto market model. Truck driving and freight delivery became the most immediately expanding job category in America in 2014, rising jobs advertised and projected even additional in 2015 through 2016.
Many people tend to believe that private firms are nimble and highly adaptable, but bear in mind the giant US vehicle industry was pretty much brought to knees in the 1970s and 80s by a failure to respond to the little car or truck, higher quality revolution introduced by the Japanese.
Now it is doable to get the most recent news about the automotive market on-line. Suzuki Motor Corporation, the Japan-based automobile manufacturer, plans to invest Rs two,600 crore (US$ 390 million) for setting up its second assembly plant in India and an engine and transmission unit in Mehsana, Gujarat.