(11/09/2019) Exclusive Interview with Union Finance Minister Nirmala Sit...

In this interview confined reply about Gst is revealed by Finance Minister Mrs. Nirmala sitaraman. but for a question she says because of OLA,Uber, sales drop in vehicle sales . No this is wrong O L A and UBER were travel operators and their Volume buying of Cars in all Brands was a strength to sales. that also many single owners bought cars and joined hands to work with OLA and UBER on contracts.

Now the vehicle sale drop has to be attended very seriously by Finance Minister to see growth or to remove the lull in business. what to be done. G S T REDUCTION TO 18% WILL START THE REDUCING LULL IN THIS AUTOMOBILE INDUSTRY. NOW WE INDIANS DO NOT HAVE ANY CAR or automobile from made in INDIA. SO ALL THE IMPORTED OR ASSEMBLED FOREIGN CARS AND VEHICLES SOLD IN INDIA BY MANY DEALERS TO CUSTOMERS. BUT FACT IS PRICE OF THESE VEHICLES IS VERY HIGH OR BEYOND THE CONTROL OF PURCHASING POWER OF PEOPLE. SO IT IS A NEED TO ADVICE MANUFACTURERS TO GIVE CARS OR AUTOMOBILES OR two WHEELER'S

AT LOWER END PRICE WITH LOWER END DESIGNS. UNLESS A SEGMENT AT LOW PRICE THAT IS BETWEEN 5 TO 7 LAKHS THAN SALES WILL GROW AND AUTOMOBILE INDUSTRIES WILL SUSTAIN THE SALES.THANKS. BUT PAINFUL FEEL ON THIS ISSUE IS no indigenous BRAND. MAKE IN INDIA HAS NO MEANING IN AUTOMOBILE SEGMENT. ASSEMBLE IN INDIA IS ON PROCESS. MAKE IN INDIA IS A NEED AND MUST.