Automotive Mission Plan 2006-16

Automotive Mission Plan 2006-16

The Indian ministry of Heavy Industries and public enterprises released its draft policy to put the Indian Automobile Industry on the fast track and a step in right direction.

The draft is released at annual convention of the society of Indian Automobile Manufacturers in New Delhi.

The aim of the draft is to increase the turnover of the Indian Automobile Industry from Rs 153,000 crore to Rs 652,000 crore by 2016, with special emphasis on export of small cars, two wheelers and auto components. The policy also emphasis an appropriate tariff policy, encouraging exports and developing safety standards. In the plan computerization of RTO's and driver licensing system were also part of debate. The policy has also set the ball rolling on the Rs 1,718 crore National Automotive Testing and R&D Infrastructure Project.