New Delhi, Aug 26 (SocialNews.XYZ) High taxation as well as state government's road levy have driven passenger vehicle cost and dented sales, Maruti Suzuki India Chairman R.C. Bhargava said while speaking at the 61st SIAM Annual Convention here on Wednesday.
Bhargava said that more and more people are now finding it difficult to afford cars due to their high costs.
"The people in this country have great aspiration for vehicles. But the industry has been witnessing comparatively slower growth for the last 18 months. The government and the industry need to take necessary action collectively to revive the sector," Bhargava said.
He also said that Indian customers should get modern vehicles.
"If we follow all the European standards, the vehicle costs may rise. Our focus should be on how to make the vehicles affordable for the masses. If the affordability factor is addressed, the Indian auto industry can certainly recover in the short term," he added.
Source: IANS
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz