Every year business decision are taken with an eye on the Budget to be presented in the Parliament on February 28th. India Inc closely monitors and assesses each point made by the Union Finance Minister in his Budget speech to the Parliament. India Inc analyzes the proposals; recommendations made by the Finance Minister and take their business decision in line to maximum on their returns. At times, certain business decisions like launch of new products and services are either delayed or advanced depending on what is expected for the sector from the Budget speech and its proposals. Not just the industry bodies like CII / FICCI / NASSCOM, but even individual companies take a very close look at this process called the Union Budget of India!
Toyota Kirloskar Motors, the Indian subsidiary of the Japanese automobile giant, ‘Toyoto’ has recently taken a decision to delay the launch of its new product the ‘Toyoto Etios Liva’ by few months, in order observe the proposals to be made in the Union Budget 2011-12 and gain from the same. While, the Union Budget 2011-12 will be presented to the Parliament on February 28th, 2011 – Toyota Kirloskar Motors is expected to take decision on the pricing only towards end of March this year.
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