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Government Wants Auto Industry To Expand With Specialised Machinery
In an effort to deal with the lack of specialised machinery, the Indian government has asked the auto industry to expand its portfolio. The government wants the auto industry to foray into other specialised sectors such as mining and infrastructure.
Along with the production of passenger and commercial vehicles, the auto industry should look into special purpose vehicles as well.
The special purpose vehicles or equipment targeting the mining and infrastructure in the country will help the auto industry to expand its specialised machinery portfolio.
Abhay Damle, Joint Secretary in the Road Transport, Highways and Shipping Ministry was addressing SIAM's 56th annual convention and recommended the need for expansion of the auto industry's portfolio.
He also touched upon the fuel efficiency subject and request the auto industry to embrace the challenges associated with the plan of implementing the BS-VI emission norms set to kick in April 2020.
The government is already introduced the FAME scheme to help develop the electric and hybrid vehicles, such vehicles needed an investment of Rs 14,000 crore to help save fuel worth Rs 60,000 annually.
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