BUSES PURCHASE PROSPECTS *India - Government mulls new stimulus package for commercial passenger vehicles
Khandala,Maharashtra,India -domain/B -13 March 2009: -- The government is considering another stimulus package for the automobile industry hit by the current economic slowdown... If approved, the proposal will lead to replacement of about 40,000 buses of state transport corporations (STCs)... According to a SIAM study, 32 state corporations run over 32,000 buses that are over 15 years old and fall under the overage category. The new stimulus package will allow STCs, to replace a total of over 40,000 buses... Though these buses are meant for the semi-urban and rural areas, even high-end bus manufacturers like Volvo and Mercedes Benz can bid for the tenders, since individual states are free to decide on the type of buses they will require... SIAM study also found out that because of the paucity of buses, over 14-crore roads kilometres have remained uncovered till now... (Video from YouTube, by Marquel303 - July 2007: "Travel by bus in India": North of India, Manali)
Labels: buses purchase prospects
posted by Unknown @ 7:31 PM
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