Frequent policy changes could pose a big hurdle for auto manufacturers to decide on their long-term strategies, says Dr Andreas Lauermann of Volkswagen India. Executives at automakers like Volkswagen, Hyundai Motor Co. and Tata Motors say that to invest more and better, they need more stable regulation on tax, emissions allowances and electric vehicles. He said the company is waiting for clarity on the electric vehicles policy before it decides on any products and strategy. Hyundai, as a result, has dropped its plan to launch hybrid cars in India and will now look at bringing in electric cars. “Frequent policy changes could pose a big hurdle for auto manufacturers to decide on their long-term strategies,” said Dr Andreas Lauermann, managing director of Volkswagen India.

Source: Mint September 08, 2017 09:00 UTC