Business Standard

Letters: Auto industry must own up

Related News

Apropos “Auto companies lobby against tax on diesel cars” (June 7), the auto industry’s response to the move of increasing taxes on diesel cars clearly demonstrates lack of leadership and responsibility. Higher excise duty on diesel cars is unlikely to hurt overall growth of car sales — it will only decrease the sales of diesel vehicles. This may result in short-term losses for manufacturers who have invested in diesel engine plants. But auto companies could have avoided this situation in the first place by not relying on a market that is distorted by subsidies. To expect the government and the nation to bail them out now by raising the bogey of reduced growth is irresponsible.

S Balasubramanian Bangalore

Letters can be mailed, faxed or e-mailed to:
The Editor, Business Standard
Nehru House, 4 Bahadur Shah Zafar Marg
New Delhi 110 002
Fax: (011) 23720201
E-mail: letters@bsmail.in
All letters must have a postal address and telephone number

Read more on:   
|
|

Read More

Letters: Some global 'towns' please

This refers to the report “Among 440 rising global cities in 2025, India to have 36: Report” (June 28). The June 2012 edition of McKinsey Global’s ...

Quick Links

Financial X-Ray Rss icon

FIIs sell cement, metals stocks in Sept quarter

Hindalco, Shree Cement remain in demand as FIIs continue to buy these two stocks

Just Dial's margins to remain capped

Investments in new products and international foray to keep margins in check; growth prospects are strong

Back to Top