We have to manage our expectations as lots of people, although they are in a purchasing mood, are not purchasing cars at this point of time, expecting some kind of GST cut, says Guenter Butschek, MD & CEO, Tata Motors. Excerpts from an interview with ETNOW. How are you looking at the future? Let us take a cautiously optimistic view on the future and let us actually take a stand that hopefully the worst behind us. We all believed that the recently published stimulus package by the finance minister has ticked the right boxes but it has not turned the needle yet. It has not hit the market yet; neither has the money been lent to NBFCs, nor has it been lent by banks, nor has it entered the pockets of the MSMEs, nor have the announced infrastructure projects actually started to make an impact. So, we will be cautiously optimistic because we have ticked the right boxes, the effect is going to come. As for how can the stimulus package be supported by an expected positive customer sentiment for the festive season, how can they actually support each other, reinforce each other and how fast can they actually bring… Read full this story
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Starting October, hoping for auto revival : Guenter Butschek, Tata Motors have 305 words, post on economictimes.indiatimes.com at September 6, 2019. This is cached page on The World Articles. If you want remove this page, please contact us.