India’s leading auto maker Tata Motor said regulatory uncertainties have caused disruptions in the automotive market.
Speaking at the SIAM Annual Convention 2017, Guenter Butschek, CEO & MD, Tata Motors during his address in the session focusing on Regulatory Policies: Analysis of Impact said, “While an array of policies and reforms like the Automotive Mission Plan, Make in India and Smart Cities have had a positive impact on the industry, regulatory uncertainties in the face of Demonetization, BS III to BS IV transition and GST have caused disruptions in the market.”
If we have to realize the true potential by 2026 with our future Auto Mission Plan, Butschek said, “We need to eradicate the basic challenges deeply rooted within the overall ecosystem: accentuated by intermittent regulatory uncertainties.
With India lagging on emission and safety norms in comparison to the rest of the world, he said it is important that all OEMs work towards bridging this gap with a single-minded commitment to invest in future technologies and leverage emerging trends, for a greener and sustainable automotive future.”
The industry understands and fully appreciates the regulatory and policy changes but what the industry seek today is a platform to ensure a well-orchestrated, collaborative and participative approach from the government for a policy framework that enables and supports sustainable growth.
“Today, we live in a world of complexity and hence focus, speed of execution and quality of implementation across the ecosystem will be key to our success,”he added.