Companies across the two sectors, including Maruti Suzuki, Honda, General Motors, LG India, Godrej Appliances and Whirpool, felt the government's move gives a much needed stimulus to the industry as it leads up to the festive season.Maruti Suzuki India Chief Operating Officer (Marketing and Sales) Mayank Pareek: It will be good for the auto industry. The momentum that has been built in last few weeks will continue.
Mahindra & Mahindra Executive Director Pawan Goenka: This will give the much needed boost to industry as we lead up to the festive season.
Honda Cars India Senior Vice-President (Marketing & Sales) Jnaneswar Sen: The industry has had a tough couple of years. We had just started seeing some rays of hope last month and with this extension of the reduced excise rates, we can look forward to building the momentum. The announcement from the government clears the uncertainty of what will happen after June 30 deadline and is a much needed support to the industry from the new government.
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