As the new president of NADA, what are your immediate priorities?
NADA needs some changes both within the organization and in the market. Internally, NADA needs to rewrite its constitution in order to cope with the changing demands of time. Externally, NADA's first priority will be to highlight the problems faced by the automobile sector. Another area that we are going to focus on this year is road safety.
What are the major challenges confronting the automobile industry?
One of the major challenges the industry is witnessing is high excise and custom duties. I always felt that the automobile sector, which constitutes a major part of revenue collected by the government, needs some support.
What is the contribution of automobile sector in revenues?
At present, around 30 percent of the revenue generated by the government is through the automobile sector.
Do you see any flexibility in the current budget?
Though we have been continuously urging the government to reduce the taxes on automobiles, the budget has again earmarked a new excise duty on the spare parts.