Industry

ALL chief for structured policy intervention for CV sector

Vipin Sondhi

Vipin Sondhi  

The Centre should come out with a structured policy intervention for the commercial vehicles (CV) sector, which has been worst-hit due to prolonged slowdown and COVID-19 pandemic, said Vipin Sondhi, MD & CEO, Ashok Leyland Ltd.

There was an expectation of a direct stimulus package in the form of reduction in GST, an incentive-based vehicle scrappage policy and a thrust on purchase of buses for public transportation.

“This is the need of the hour and the government may please consider a structured policy intervention. Further, accelerated infrastructure spending in rural India would create assets, jobs and income there, which would bring about movement of goods, thereby providing a fillip to the CV industry,” he said.

Referring to the Union Finance Minister’s announcement, he said the combination of an ‘Aatma Nirbhar Bharat’ with integration with the global supply chain is inspiring. The packages announced by the Union Finance Minister last week covered the much- needed reforms in agriculture, mining, defence, public health and education and more. “These will augur well for the future of our economy,” he said.

A letter from the Editor


Dear reader,

We have been keeping you up-to-date with information on the developments in India and the world that have a bearing on our health and wellbeing, our lives and livelihoods, during these difficult times. To enable wide dissemination of news that is in public interest, we have increased the number of articles that can be read free, and extended free trial periods. However, we have a request for those who can afford to subscribe: please do. As we fight disinformation and misinformation, and keep apace with the happenings, we need to commit greater resources to news gathering operations. We promise to deliver quality journalism that stays away from vested interest and political propaganda.

Support Quality Journalism
Recommended for you
  1. Comments will be moderated by The Hindu editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.

Printable version | Jun 1, 2020 2:50:56 PM | https://www.thehindu.com/business/Industry/all-chief-for-structured-policy-intervention-for-cv-sector/article31625275.ece

Next Story