New launches could give the much needed impetus to auto sales
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Hyderabad: New launches could give the much needed impetus to auto sales which has been witnessing sluggish growth, feels a senior official of Toyota Kirloskar Motors.
Speaking on the sidelines of launch of Toyota’s driving school here in Hyderabad on Thursday, the company’s deputy MD, Mr T.S. Jaishankar said, “New launches are expected to boost auto sales as the growth has been muted since several quarters. However, there will be no new launches from Toyota this year.”
While declining to comment on the launches next year, he said that we will be launching updated versions of its previously launched cars. Toyota Kirloskar is also planning to set up a diesel engine plant in Bengaluru with an estimated investment of Rs 800 crore, a senior company official said.
Pro-biz tag won’t deter from supporting auto sector: Anant Geete
Union heavy industries minister Anant Geete on Thursday said that the accusations of being ‘pro-industry’ will not deter the government from supporting the auto components industry as the sector provides employment to lakhs of people in India.
“The components industry is a labour-oriented industry and therefore growth of this sector is in nation’s interest. We can provide lakhs of jobs through this industry,” Mr Geete said during the annual session of ACMA here.
He said that good days are coming for the auto components industry. Endorsing Suzuki Motor chairman Osamu Suzuki’s view that India could become leading auto component player, he said he had full faith that the Indian components industry would indeed become number one.
( Source : deccan chronicle/pti )
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