Auto industry experts believe that the Indian auto industry is set for a revamp. The policies that were long overdue are now given importance and are looked into. There is a revision of policies that will put India on the global map as far as regulatory policies are concerned.

It has been viewed that despite India being the most emerging and fast growing auto markets of the world and more global companies wishing to set up centers in India, it is still possible to get away with substandard norms, faulty spare parts and other issues in India.

But things are certainly in for a change. The recent announcements with respect to the ‘Make in India’ campaign by the Indian Prime Minister has spurned the growth of ancillary and auto-related industries. In addition, stricter norms and regulations that are at par with the global standards are being implemented. The tax regime is in for a change with the rollout of the GST as its implementation would mean doing away with many direct and indirect taxes, making India as one market. This will not only benefit the customers but also the manufacturers as they would find production easier and simpler. With the spares and other parts being manufactured in the country, companies will find their manufacturing costs come down extensively.

The industry is also set for changes on the aspects of safety. While vehicles older than 15 years will not be allowed to ply on roads, the industry would be shifting to the BS-VI emission norms soon. This would call for cleaner cars and environment. Following global standards, even Indian small cars will now be having all safety measures including air bags, a feature that was fixated only for the big and luxury cars. This would surely enhance the car price a bit but it would also make the small cars safer to drive.