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budget on auto sector

What will be the effect of Modi government’s budget on auto sector? Find out the details

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Budget on Auto Sector : Union Finance Minister Nirmala Sitharaman has presented the Union Budget in Parliament on Tuesday. This budget has been welcomed by the corporate world. The list also includes siam, hero motocorp, toyota kirloskar motor and the Federation of Automobile Dealers Associations (FADA). The budget has been welcomed by FADA President Vikenesh Gulati. He said that the Union Budget 2022 will have an impact for the next 25 years. Prime Minister Narendra Modi’s Gati Shakti National Master Plan along with Rs 100 crore plan for new construction in India will be an important step towards development. The budget has tried to keep an eye on every sector. Someone has welcomed this budget, you know.

budget on auto sector
budget on auto sector

Budget welcome from FADA

FADA welcomes and supports the government’s efforts and steps towards electric mobility. There is a clear emphasis on the government’s constructive, sustainable and new business model. Battery swapping will definitely benefit. The government’s efforts for electric vehicles are looking good, said Vikenesh Gulati. New roads up to 25,000 km can definitely be beneficial. India remains the leading driver for the entry level passenger vehicle segment and two wheeler space.

Budget welcome from Hero MotoCorp

The Modi government’s budget has been welcomed by Hero MotoCorp. The CEO and chairman of Hero MotoCorp, the country’s largest two-wheeler company, Dr. Pawan Munjal has termed this budget as developing. I commend the Finance Minister for sharing the blueprint of India’s economic trajectory over the next 25 years, in which he praised the budget. One of the historic announcements of this budget is the battery swapping policy. In which electric vehicles and travel will get a big boost. So I am personally very happy, he said.

SIAM appreciates Modi government’s budget

The budget presented in Parliament yesterday has been welcomed by Auto Industries. Welcoming the budget, Kenichi Ayukawa, president of the Society of Indian Automobile Manufacturers (SIAM), said that SIAM welcomes the budget while maintaining policies and stability and inclusion. New schemes like 35 per cent increase in Capex outlay, construction of roads up to 25,000 km, 100 cargo terminals, 5G network, optic fiber cable will definitely give impetus to development. All of this can certainly help the auto sector.

Budget welcome from Toyota Kirloskar Motor

Yesterday’s budget was welcomed by the auto sector, including Toyota Kirloskar Motor. According to the company, we welcome forward-looking budgets. In which the government has tried to promote development, inclusion, technology supported development. The company said in an official statement that the continuous focus on 2.0, which facilitates trade through 5G telecommunications, etc., could help facilitate transactions and supply. One of the biggest challenges for technology in EV conditions is the battery charging station. However, the proposed battery swapping strategies can certainly help in interoperability.

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Siddharth Antre

Hey, I am Siddharth Antre, Blogger & Youtuber From Nashik. Here I share all Auto News on Daily Basis. Writing Blogs since 2014.

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