The Vote On Account or the interim Union Budget attempted to sustain the momentum from the Union Budget 2023. It surpassed the previous CapEx outlay at 3.3 percent of the GDP when the capital investment outlay was raised for the third year to rupees 10 lakh crore and hailed by the industry.
Finance Minister, Nirmala Sitharam set a CapEx outlay of rupees 11.11 lakh crore at a time when the CV industry expected continuity and sustained momentum in the past reforms to headline.
Despite the limitations of a capital budget, the industry put forth its wish list to the Ministry of Finance, Government of India. At a time when no major policy announcements were expected, the FM's speech was hailed as a confident approach by one section and a cautious approach by the other section in an election year in a mixed response as a whole. The focus on reducing the Current Account Deficit (CAD) amidst concerns of it widening to USD 36 bn at 4.4 percent of the GDP had the FM allay fears of the country's status as a net importer leading to forex outflow.
Aligned with the 'Viksit Bharat' vision plan, the FM stressed the development mantra was linked to comprehensive development for all. Moving towards the vision of a developed India by 2047 translates to people-centric development. This encompasses substantial development of physical infrastructure besides digital public infra to promote formalisation and financial inclusion and social. It also entails deepening and widening the tax base through the Goods and Services Tax (GST). The government emphasised the FM is committed to proactive inflation management.
هذه القصة مأخوذة من طبعة February 2024 من Commercial Vehicle.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة February 2024 من Commercial Vehicle.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
SATISH SHARMA, INDUSTRY VETERAN, ANNOUNCES EARLY RETIREMENT FROM APOLLO TYRES LTD
In a recent exchange filing, Apollo Tyres Ltd. announced a significant development resulting from the Board meeting held on May 14, 2024.
NAVIGATING THE DRIVER DROUGHT - HOW SMART ANALYTICS STEER DRIVER RETENTION IN 2024
DRIVER RETENTION STANDS AS A CRITICAL CHALLENGE FOR FLEET OPERATORS. SUDEEP NAYAK, CO-FOUNDER AND COO OF ZELIOT DELVES INTO HOW ADVANCED ANALYTIC AND TECHNOLOGY ARE TRANSFORMING RETENTION STRATEGIES, DRIVING EFFICIENCY AND SUCCESS IN FLEET MANAGEMENT.
ALLISON TRANSMISSION WIDE-BODY DUMP SERIES
ALLISON TRANSMISSION HAS DEVELOPED THE WIDE-BODY DUMP SERIES FOR HEAVY-DUTY OFF-ROAD APPLICATIONS. ASHISH BHATIA LOOKS AT THE ADVANCED ATTRIBUTES THAT WILL COME INTO PLAY.
BUILDING THE ECOSYSTEM FOR SOPHISTICATED MACHINES
IN AN UPFRONT SESSION, ANTONIO LEITAO, VP OFF-HIGHWAY, ENGINE BUSINESS & EUROPE ABO LEADER AT CUMMINS BELGIUM SPEAKS TO ASHISH BHATIA ON BACKING BOTH LOCAL AND GLOBAL CUSTOMERS FROM INDIA.
CUMMINS' OFF-HIGHWAY PLAY
CUMMINS INC. IS PURSUING HIGHER EFFICIENCIES FOR ITS CEV CUSTOMERS FROM INDIA. ASHISH BHATIA HIGHLIGHTS THE ADVANCEMENT AND CUSTOMER VALUE PROPOSITIONS.
THE IMPACT LINEUP
AT THE ANNUAL CONFERENCE, DAIMLER INDIA COMMERCIAL VEHICLES INTRODUCED THE MY24 BHARATBENZ PORTFOLIO AGAINST THE BACKDROP OF A ROBUST PERFORMANCE, WRITES RICHA TYAGI.
AFFORDABLE MECHANISATION
IN AN INDUSTRY TALK SESSION, JALAJ GUPTA, BUSINESS HEAD-COMMERCIAL VEHICLES AT MAHINDRA & MAHINDRA LTD. DISCUSSED THE FUTURE OF AFFORDABLE MECHANISATION WITH ASHISH BHATIA
UNO MINDA AFTERMARKET PROJECTIONS
UNO MINDA IS READY TO SEIZE THE OPPORTUNITY, CREATING A GREATER PULL FOR ITS PRODUCT PORTFOLIO. IN AN UPFRONT SESSION RAKESH KHER, CHIEF EXECUTIVE OFFICER, THE AFTERMARKET DIVISION AT THE COMPANY SPOKE TO ASHISH BHATIA ON THE CONFIDENT RUN.
ROBUST TRAILER UNDERPINNINGS
BPW TRAILER SYSTEMS INDIA IS CONFIDENT OF ITS GLOBALLY PROVEN AIR-SUSPENSION TECHNOLOGY. IT IS DESIGNED FOR HIGH AXLE LOADS AND SPECIALIST APPLICATIONS, WRITES ASHISH BHATIA.
ON-HIGHWAY AND OFF-HIGHWAY STRATEGIES
MAHINDRA TRUCK AND BUS DIVISION IS DRIVING ITS COMMERCIAL VEHICLE ROADMAP FORWARD WITH WELL-THOUGHT-OUT ON-HIGHWAY AND OFF-HIGHWAY STRATEGIES, WRITES ASHISH BHATIA.