Government Budget * India: A boost to bus makers in
* Delhi - The Motor Vehicles Act will allow private sector participation in the passenger vehicle segment of road transport
Finance Minister Arun Jaitley today said that the Motor Vehicles Act will be amended to allow the participation of private sector in the passenger vehicle segment of road transport... For this the government aims to provide an ecosystem which provide states to adopt a revised legal framework. This is done to boost road transport by empowering entrepreneurs to operate buses on various routes... This might lead to overhauling or scraping of permit system which is required presently to own and operate buses under a particular heading. Every year, bus operators obtain different permits, including single district permit, two districts and all-India permit for operating their buses... Such a move will give a boost to bus sales benefiting bus manufacturers like Tata Motos, Mahindra & Mahindra, Ashok Leyland, Volvo, Scania to name a few...
(Picture from Reuters - Finance Minister Arun Jaitley arrives at the parliament to present the budget for the 2016/17 fiscal year, in New Delhi) -- Mumbai, Delhi, India - Business Standard - February 29, 2016