Day Traders Lounge.

siddhant4u

Well-Unknown Member
:up: everyday i learn something new :)
I didn't know about the red tape in detail about Tata trucks until i saw this video.

Just trying to imagine how they( Tata truck company employees ) felt with a 10yr waiting period for a truck and a production limit imposed on them.
What I mean is "why" ? this kind of demand has nothing to do with being socialist, communist or capitalist.
I think its justified now that many leading auto sector specialists are demanding gst cut for auto sector. Charge heavily for Imported cars or luxury cars but anything made in India should be taxed just 18-20% max. Imagine buying nice SUV for 30% less
 

siddhant4u

Well-Unknown Member
There was a waiting list for everything - Scooters : My father purchased a Bajaj Chetak in 1986 after a 18 months waiting list, that too because he paid in foreign exchange (dollars through my uncle in USA). Gas connections had years of waiting list, as did telephones. Everywhere the waiting list was reduced if you arranged payment in foreign exchange. There was upto 25% premium if you wanted to sell your new vehicle. The gas cylinders could command upto 100% premium.

The youngsters today don't really have any idea how far we have travelled in the last 50 years. Good of someone to bring up history.
And it took bajaj several decade to improve and come up with motor cycles even though technology already existed. Similarly tata motor kept selling same truck for 30-40 odd years without change in technology or safety until Volvo entered with their truck and buses.
 
And it took bajaj several decade to improve and come up with motor cycles even though technology already existed. Similarly tata motor kept selling same truck for 30-40 odd years without change in technology or safety until Volvo entered with their truck and buses.
There used to be only 2 scooter brands - Vespa and Lambretta. Bajaj used to make Vespa, as far as I remember.

I think the first indigenous automobile we had was the 50 cc moped Vicky2. It also became a hit in hindi thriller novels.

Motor cycles - Hero Honda in the early 80s opened up the market.

I think Morarji's Make in India did us good. Coke went out and Indian companies like Campa and Thums Up came up. IBM went out and some of their staff formed HCL Computers.
 

travi

Well-Known Member
I think its justified now that many leading auto sector specialists are demanding gst cut for auto sector. Charge heavily for Imported cars or luxury cars but anything made in India should be taxed just 18-20% max. Imagine buying nice SUV for 30% less
maybe i didn't get you, or the other way around.

Nation is just out of the Colonial strangles, country is trying to get back on its feet, we need transportation for growth and Govt is limiting production by a "decade". So whatever the Govt model (Soc, Comm, Cap) ,where is the reasoning to do that ?
Trucks in general have specific purposes :) or did ppl back then load their family and treat it like a luxury vehicle and burn fuel to burden the economy ?
 
maybe i didn't get you, or the other way around.

Nation is just out of the Colonial strangles, country is trying to get back on its feet, we need transportation for growth and Govt is limiting production by a "decade". So whatever the Govt model (Soc, Comm, Cap) ,where is the reasoning to do that ?
Trucks in general have specific purposes :) or did ppl back then load their family and treat it like a luxury vehicle and burn fuel to burden the economy ?
There wasn't so much movement of people back then. Today we have an overdose of personal automobiles. There's no parking space. The urban colonies, even the posh ones, look like slums to me.

People encroach on government lands for parking. In my area in Delhi, 40 foot wide roads have run down to barely 10 feet due to encroachment and parallel parking. People who purchased homes with a single scooter parking now have 2 cars per household. Now the lockdown has brought a new logic - don't use public transport, use personal transport.

A few days ago I saw a program on TV which says that the sales of second hand cars have gone up, more so in the luxury segment !!
 
There was a waiting list for everything - Scooters : My father purchased a Bajaj Chetak in 1986 after a 18 months waiting list, that too because he paid in foreign exchange (dollars through my uncle in USA). Gas connections had years of waiting list, as did telephones. Everywhere the waiting list was reduced if you arranged payment in foreign exchange. There was upto 25% premium if you wanted to sell your new vehicle. The gas cylinders could command upto 100% premium.

The youngsters today don't really have any idea how far we have travelled in the last 50 years. Good of someone to bring up history.
Same here Chetak for 6K of foreign exchange

Landline after 4 years of waiting unless it was from MP, MLA quota :)

But for LPG gas it was another story . . .

When they started distributing cooking gas, people like Arnob were doing stories about how the cylinders would explode etc
so no one wanted to get a new connection, the distributor in our area himself had to go home to home convincing
people about its safety, so being early adapters we had got home booking, and no waiting :)

And as far as queues go . . .
I remember having an after school duty of standing in one at the milk booth,
some elder from home would come after 1/2 an hour to take place

Everything had a shortage, resulting in a thriving black market . . .
 
Same here Chetak for 6K of foreign exchange

Landline after 4 years of waiting unless it was from MP, MLA quota :)

But for LPG gas it was another story . . .

When they started distributing cooking gas, people like Arnob were doing stories about how the cylinders would explode etc
so no one wanted to get a new connection, the distributor in our area himself had to go home to home convincing
people about its safety, so being early adapters we had got home booking, and no waiting :)

And as far as queues go . . .
I remember having an after school duty of standing in one at the milk booth,
some elder from home would come after 1/2 an hour to take place

Everything had a shortage, resulting in a thriving black market . . .
:D :D

Sometime in the late 90s, I queued outside a mother dairy booth in Delhi when onion reached Rs. 100/kg..

In the late 80s, in Surat, Gujarat Gas was readily giving piped gas connections, even in the areas with only 1 consumer. But it cost Rs. 7000 at that time which too much :)
 

Similar threads

Zerodha – Open Paperless Account

Open online account with Zerodha. Free delivery trading and Max Rs 20 for Intraday, F&O, Currency and Commodity Trading. Intraday High leverage with MIS, CO and BO.

Name:Phone:
Email:City:
State:
Are you a day trader?