Auto sector Budget 2021
The Narendra Modi government wants to hasten the adoption of green vehicles. Its think tank NITI Aayog has put forward a plan to shift to e-mobility for two-wheelers (below 150 cc) and three wheelers by 2025.With the government committed to bringing a revolution in the electric vehicles (EV) segment in the next few years, industry expectations from the Union Budget 2019-20 run high. Among the key demands are priority lending by public sector banks for purchase of EVs and a hike in government subsidy to push sales. The other proposal for the Budget is higher subsidy for people buying electric vehicles and incentives to corporates for bulk-buying of green vehicles.
Showing of 0 - 10 from 13 results
Auto Sector 2021 - Total results - 13
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Feb 02, 2021
Union Budget 2021: Vehicle scrappage policy will boost automobile industry, curb pollution issues
The auto sector is enthused by the government's move on long-awaited scrappage policy and focus on better road infrastructure -
Feb 01, 2021
This is no 1991, but Sitharaman's budget should boost growth, create jobs and stimulate a COVID-hit economy
The best part of Union Budget 2021, however, is that Nirmala Sitharaman resisted the temptation to slap more cess, surcharges on the taxpaying citizens and refrained from imposing a ‘wealth tax’ to raise revenue. -
Feb 01, 2021
Union Budget 2021: Banking, health, infra sectors welcome announcements; hospitality, tourism regret lack of immediate support
Hospitality and Tourism roughly account for 10 percent of India's GDP and employ nearly 9 percent of India's working population and yet, it failed to find space in the Union Budget, FHRAI vice-president Gurbaxish Singh Kohli said -
Feb 01, 2021
Union Budget 2021: Nirmala Sitharaman aims to raise resources without raising taxes; a bold step
From a consumer and healthcare perspective, Union Budget 2021 has a lot of positives. On the healthcare side, COVID-19 pandemic had brought to light India's underspend in healthcare. Budget 2021 has done well by allocating over Rs 2 trillion holistically towards the health sector, a handsome increase of 137 percent. -
Feb 01, 2021
Full text: FM Nirmala Sitharaman unveils Union Budget 2021; doubles healthcare spending, lifts caps on FDI
Finance Minister Nirmala Sitharaman on Monday delivered her third Budget speech in the Parliament. Here's the full text of her speech in Lok Sabha -
Feb 01, 2021
Budget 2021: Finance Minister Nirmala Sitharaman announces new voluntary vehicle scrappage policy
As per this policy, personal vehicles over 20 years old and commercial vehicles over 15 years old would undergo automated fitness tests. -
Jan 31, 2021
Union Budget 2021: Auto sector expects relief in custom duties; EV units seek tax holiday
The auto industry expects relief from the Union Budget 2021 in multiple areas including direct and indirect taxation -
Jan 28, 2021
Union Budget 2021: Policies, regulations must be extended to farm-based EVs
In order to develop the agriculture sector, significant policies and regulations must be extended to farm-based EVs in national as well as local contexts -
Jan 27, 2021
Union Budget 2021: Auto industry optimistic about recovery from pandemic; expects cut in GST rates
The removal of restrictions to avail the input tax credit of GST paid on automobiles for businesses would make vehicles more affordable when used for business purposes, besides fulfilling the basic intention of GST to eliminate cascading of taxes. -
Jan 25, 2021
Union Budget 2021: Defer timelines for Phased Manufacturing Program for EVs, automakers need time to set up facilities
Incentives on scrapping old vehicles and replacing them with revised emission norms compliant vehicles will catalyse automotive production and sales.
