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Diesel passenger vehicle ban can dent India's investment image: SIAM
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SME Times News Bureau | 30 Apr, 2016
The leading automobile manufacturers body on Friday said that the ban on
diesel passenger vehicles of 2,000 cc and above can deeply dent the
country's global image as an investment destination.
According to
the Society of Indian Automobile Manufacturers (SIAM), the ban on
diesel passenger cars of 2,000 cc and above has given the impression of
an unstable policy regime.
"It gives an impression that there is
no stability or predictability in the policy regime which will deeply
dent the country's global image as an investment destination and the
'Make in India' priority," SIAM said in a statement.
"Many auto
MNCs (multinational corporations) have already taken a decision to
freeze further investments in India until complete clarity is achieved
on key policy issues which can have a bearing on their business
prospects in India." The ban is being exercised by the Supreme Court on diesel passenger cars of 2,000 cc and above engine capacity.
SIAM said that currently all diesel cars being manufactured are compliant to the current emission norms set by the government.
"The
automotive industry has made significant investments in diesel
technology which are in accordance with the investment policies of
government," the statement said.
"As such, putting any
restrictions or bans on a legally compliant industry is tantamount to an
infringement of the fundamental right to do business in the country." The
industry body further said that the ban is not expected to achieve the
desired objective of reducing pollution, but will vilify diesel
technology which has gone through a major transformation over the last
15 years.
"A ban on BS IV diesel cars legally encourages old and
highly polluting vehicles not meeting the current emission norms, to
continue plying on the road, while not allowing new vehicles compliant
with current emission norms to be used," the statement added.
"This is contrary to the objective of the ban."
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