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Government should not touch excise duty: Roy Kurian, Business Head, Yamaha Motor

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  • Government should not touch excise duty: Roy Kurian, Business Head, Yamaha Motor

    NEW DELHI: 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."

    Source: Government should not touch excise duty: Roy Kurian, Business Head, Yamaha Motor - The Economic Times

  • #2
    News approved.
    (Been There Done That) x 3.25

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    • #3
      Now, does this thread - http://www.xbhp.com/talkies/news/168...s-hurdles.html makes any sense at all or am I the only bloke to think this way
      Skill is what keeps you on a Motorcycle
      Awareness + Skill is what keeps you out of harm's way
      ATGATT + Awareness + Skill means you might Live To Ride another day

      Comment


      • #4
        Originally posted by aargee View Post
        Now, does this thread - http://www.xbhp.com/talkies/news/168...s-hurdles.html makes any sense at all or am I the only bloke to think this way
        Yes it does. But the custom duty is a problem for all companies. The difference is that the yamaha has raised a question against it & others have not.
        NOT BEEN THERE NOT DONE THAT

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        • #5
          ^^^ You didn't get the point Madhav; I'm not talking on taxes. Forget it!!!
          Skill is what keeps you on a Motorcycle
          Awareness + Skill is what keeps you out of harm's way
          ATGATT + Awareness + Skill means you might Live To Ride another day

          Comment


          • #6
            Originally posted by aargee View Post
            ^^^ You didn't get the point Madhav; I'm not talking on taxes. Forget it!!!
            I did get your point argee-ji. You are trying to say that the above topic shows the potential growth yamaha which is in disagreement with this thread http://www.xbhp.com/talkies/news/168...s-hurdles.html .

            Am i correct??

            The other statement was just my personal opinion.
            NOT BEEN THERE NOT DONE THAT

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