Sharing Mr. Vimal Sumbly’s quote on budget expectation :
Mr. Vimal Sumbly, Managing Director Triumph Motorcycles India – ‘’India is one of the most promising economies across the globe and this budget is the perfect time to remonetise India. Auto sector hopes that budget will bring measures to boost consumer sentiments. There should be ways to increase disposable income in the hands of corporates and customers in tier-2 and 3 cities. I look forward to moderation of taxation and expect that taxes are not imposed heavily on luxury vehicle segment. Government has been making rapid strides in infrastructure development by carefully planning and implementing smart cities projects, strengthening road network and building bridges and flyovers. A little more push will set us firmly on the path of a long term economic growth, which will create demand and more avenues for auto sector. I also feel that there is a need to revisit existing import duty structure’’.
