history of commercial industry
Answers
Explanation:
Although Hindustan Motors and Premier Automobiles were established priortoindependence, the real history of the Indian automobile industry begins with the Tariff Commission Report of 1953, when firms without a phased manufacturing programme were asked to withdraw from India. By 1965, there were seven firms manufacturing commercial vehicles, four of which also produced passenger cars/jeeps. In 1981, the government approved the entry of four new firms (with Japanese collaboration) into the market for light commercial vehicles. This was followed by further liberalisation in industrial policies, viz, broad-banding, exemption from the provisions of section 21 and 22 of the MRTP Act, and the announcement of minimum economic scales. Since the very beginning, the government has placed more emphasis on commercial rather than private transport vehicles. This is evident ain the successive Tariff Commission Reports as well as in the inclusion of commercial (but not private) vehicles in the list of 'Appendix I' industries in 1973. The industry has been protected via quantitative restrictions, a virtual ban on import of built-up vehicles, and high rates of duty.
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