An 'end of life' policy may be announced in the Budget that may include a rebate of at least 50 percent in excise duty on new vehicles for buyers who surrender their polluting old ones.
"We have done a lot of consolidation to make sure that we operate as one company,†said Karl Slym, MD, Tata Motors.
Umesh Revankar, MD, Shriram Transport Finance sees no demand for new vehicles but says there is constant demand for used vehicles which will help them maintain theri loan grwoth guidance.