'Reduce excise duty on MUVs'

• Promote infrastructure development through clear policy statements backed by incentives for speedy implementation
• Lower interest rates further for a faster impact and boost consumer sentiment further
• Reduce excise duty, especially on MUVs (multi-utility vehicles). The current level of 27 per cent is way too high
• Speed up implementation of the HV/EV (hybrid vehicle/electric vehicle) policy and enable manufacturers to import and manufacture these vehicles in India.
• Incentivise customers and increase domestic demand

(Sandeep Singh is Deputy Managing Director & COO of Toyota Kirloskar Motor)