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Budget 2023: Here's What the Auto Companies Have to Say
Budget 2023: At the 2023 budget session, Finance Minister Nirmala Sitharaman made several announcements for the Indian automotive sector where the focus was on green mobility and fulfilling clean energy targets. Here is how the auto industry is reacting to the budget.
Union Budget 2021: Impact on the automotive industry
A hike in custom duty on select automotive parts could result in an increase in vehicle prices. The Finance Minister also announced a new scrappage policy for private and commercial vehicles
Union Budget 2019: Electric vehicles to get tax benefits
Finance Minister has announced a reduction in GST for Electric Vehicles from 12 to just 5 per cent. Buyers purchasing EVs on loan can also save Rs 1.5 lakh on the interest. Other than this, there's nothing major for the auto industry.
No impact on Automobile Industry from Union Budget 2017
Changes in duties levied on the Automobile Industry will come post GST as Union Budget 2017 – 2018 leaves taxation policies for the sector
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