Business News Blog. Daily Business News and information on emerging issues influencing the global economy. Welcome to the Peak Newsroom!
Monday, February 14, 2011
Auto Industry Growth In India Could Crush Highway System.
By: Business Week
If India’s car industry continues growing at breakneck speed, its auto majors could manipulate climate and auto transport policies in the same way as their counterparts in the U.S. On the other hand, the “laughable” speed of Indian trains hampers the growth of public transport.
Government leaders recently addressed India's auto transport and car shipping policies at the Delhi Sustainable Development Summit 2011.
The recent growth of the auto industry in India, is reported to be causing car shipping problems. The auto industry remains opposed to the interests of public transport. By 2030, India could be importing 750 million tonnes of oil per year and also try to initiate new car delivery services across all of India.
Increasing the price of diesel, investing in the railways, waterways and auto transport services could help India prepare for future growth of their automobile industry. An additional concern is emission levels and environmental damages.
Labels:
auto transport,
car delivery,
car shipping