Roy Kurian: Government should not touch excise duty
February, 16th 2011
Japanese two-wheeler major Yamaha is in an expansion drive in India. It has launched various bike models since the past year particularly in the high-end segment.
Yamaha produces its motorcycles in two manufacturing facilities at Surajpur in Uttar Pradesh and Faridabad in Haryana for domestic as well as export markets.
The company is currently studying the Indian market to enter the scooter segment and a decision is likely to be taken soon.
Roy Kurian , India Business Head of Yamaha Motor has made some suggestions to the Finance Minister Pranab Mukherjee for the forthcoming Union Budget 2011-12 for the Automobile Sector.
Kurian said: "Last year's growth has been a boon to the auto industry. To have the momentum despite the high petrol price, the government should not touch excise duty at all. A focus on credit availability to 2 wheeler loans and reasonable interest rates could boost sales. The customs duty on steel, aluminium, etc. should not be raised as it will put pressure on the pricing of automobiles in general and 2 wheelers in particular."