2016 Delhi budget elicits positive feedback from SIAM

SIAM says that focusing on public transport and supporting hybrid vehicles are correct measures for sustainable transportation

Overdrive March 30, 2016 17:13:05 IST
2016 Delhi budget elicits positive feedback from SIAM

The Delhi budget for the fiscal year 2016-17 has drawn a favourable response from SIAM (Society of Indian Automobile Manufacturers). The apex national body representing the Indian automobile industry has issued an official release commenting that ‘the budget is a major step in the direction of sustainable mobility of the state’.

While presenting the Delhi state budget, Manish Sisodia, Finance Minister of Delhi, announced that electric vehicles will be exempt from road tax during registration. Also, the VAT (Value Added Tax) on battery...

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