Budget 2017 wishlist: Expectations from the automobile sector

Industry is providing direct and indirect employment to 29 mn people, says Siam

Industry Size
All categories: 23.9 mn units (including two-wheelers, passenger vehicles, Commercial vehicles, three-wheelers) (according to Siam)

Employment figure
Industry is providing direct and indirect employment to 29 mn people (according to Siam) 

Contribution to GDP
7.1% to GDP (Siam)

 

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Key issues of concern for the automobile sector

Taxes: Industry is subject to a multiple taxes. These have a cascading effect and end up constituting a substantial part of the overall cost structure of a vehicle  

Demand fluctuations: On account of various