Legal and Political Environment

Legal and political environment This environment is composed of laws, government agencies, and storm groups that influence and limit motley organizations and individuals. Sometimes these laws create mod opportunities for business. Various associations have been formed in India for automobile industry ? ACMA and SIAM argon two major(ip) automobile association in India. ? acma(Automotive contribution Manufacturers Association of India ) ? siam (Society of Indian Automobile Manufacturers ) ? Almost all major automobiles manufacturers are the members of these two association . ? these association perform various function and ? they keep the manufacturers informed of the various rules and regulation hypothesise by government. Various legal that have been made by the govt relate to ? safety measures ? governments intention on harmonizing the regulatory standards with the rest of the world ? approval for foreign equity investing up to 100% ? Formulation of an subdue auto dismiss policy to ensure availability of adequate amount of appropriate fuel to meet emission norms ? Plan to have a terminal life policy for CVs along with incentives for replacement for such(prenominal) vehicles.

? Assist development of vehicle using alternate susceptibility source. ? Promoting R&D activities in India by giving a weighted tax deduction of up to 150% for in house research and R&D activities. natural environment Natural environment of the country is greatly affected by technical message vehicle industry mainly because of emissions from factory and vehicles . the Major orbicular concern Various measures are being taken by the govt and the commercial vehicle manufacturers to protect the natural environment . these include :- ? hold of alternate biofuels ? Use of eco friendly commercial vehicles ? Anti contaminant pressures ? Implementation of Euro norms - Tata Motors is the first Indian Company to introduce... If you want to unsex a full essay, order it on our website: Orderessay

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