SIAM proposes formation of an automobile regulatory body to deal with policy certainty

The central government has received a suggestion from the Society of Indian Automobile Manufacturers (SIAM) to constitute a National Automotive Regulatory Board, to pave the way for policy certainty, said a national news portal.

Apr 21, 2017 06:04 IST India Infoline News Service

The central government has received a suggestion from the Society of Indian Automobile Manufacturers (SIAM) to constitute a National Automotive Regulatory Board, to pave the way for policy certainty, said a national news portal.
 
The transition for automobile companies from BS-III to BS-IV norms was frustrating because the industry runs on long-gestation investment, and the SC's decision to not give any extension on the last date of March 31 for sale or registration of vehicles meeting only BS-III emission norms had impacted companies planning, profits and jobs in an adverse manner, said a national news portal.
 
Commercial vehicles industry still holds around 40,000-50,000 BS-III commercial vehicles. 10% to 20% would be exported and the rest will be converted, which would ultimately increase the cost, mentioned a national news portal.
 

There is a need for a proper roadmap for the industry, and the government should come out with a national automotive regulatory board, suggests a market analyst.

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