Sunday, January 26, 2014
Effects of slowdown- Daimler AG's Indian truck business financially ‘sick’
Just read this piece of depressing news. The prevailing situation can only become better in two conditions- One...the economic evironment gets better in next one year, which is only subject to speculations. Second...the Transport Ministry starts some strong and honest vigilance regarding inspection of old Commercial vehicles.
We in India are strong believers in putting everything to use until its kaput. Its a miracle that most of the commercial vehicle in their current state run on the road. Its an open secret that the motor vehicle inspectors in India are the most corrupt of the lot. Without phasing out of the old junks...no body will by the new vehicles.