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Automobile Budget Reports

Auto components play their part, but get no lift
THE AUTO components industry has always taken the backseat. It lives in the hope that the mainstream automobile industry will propel it through the lanes of growth.

Cheap imports cause tyre industry wear & tear
THE TYRE industry is certainly treading a lonely furrow this year, with demand falling and profits dipping for the players. The threat of imported used tyres flooding the market makes it worse for the industry which is already living on the edge.

Bring excise to 24%, we’ll drive fast: Vehicle cos
THE commercial vehicle segment is clearly in the reverse gear if the recent growth figures are any indication. The fall in industrial output, excess supply over demand and slowdown of the economy have been responsible for the downturn.

Let the differential excise regime come back
THE tractor industry is down in the dumps. Growth rate for the period ended April-December 2000 is pegged at -8.2 per cent by industry sources, while observers add the fiscal 2000-01 may close at -10 per cent. Amazingly, the blame for the state of the industry is laid at mother nature’s feet.

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