Automakers – The New Indian Express
NEW DELHI: A day after two-wheeler maker TVS Motor criticized the government’s decision to raise car insurance premium to a third, India’s biggest automaker Maruti Suzuki (MSIL) said on Tuesday that six airbags are the mandatory standard in passenger vehicles. small car market already in decline.
The automaker said the government’s decision could even impact jobs in the auto sector in the future. MSIL chairman RC Bhargava said the regulations would have a big impact on the cost-sensitive entry-level car segment – which has faced headwinds and seen declining sales over the past three years – making it even more difficult for two-wheeler users to switch to small cars. .
“So the fear is that because of that (the six airbag standard) the market will get smaller. The car manufacturing industry is important because it’s a big job creator. When the car sells on market, it creates many jobs – drivers, maintenance, repairs, accessories, etc.,” Bhargava told PTI.
Bhargava said he was unsure about the price increase but adding extra airbags could be between 20,000 and 25,000 rupees which is a lot of money for a small buyer. car. Selling prices for small cars have seen a significant increase in recent years due to standards such as the move to BS-VI emission standards and an increase in insurance premiums.
Additionally, most automakers have implemented 3-4 price increases over the past year due to rising commodity prices. According to the government, airbags need the time and will keep passengers safe in all segments.
Small cars have seen a significant price increase over the past few years
New Delhi: Selling prices for small cars have seen a significant increase in recent years due to standards such as the move to BS-VI emission standards and an increase in insurance premiums