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| Topic: |
Business
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| Number of pages / Number of words: |
94 / 26080 |
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And in the early years of independence, due to the protectionist policies of the government only a limited number of players were permitted to manufacture cars in the country. There was high customs duty on import of cars from other countries. There were only two major players: premier automobiles ltd and hisdustan motors ltd...
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it was a huge success. At that time it was the lone player with such good features.
In the 90’s it was basically a sellers market.In the 1993 there was de-licensing. And with the ease in getting manufacturing licences in the country many players entered the country.further, there was a cut in the excise and customs duty...
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