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Budget 2022: No Immediate Respite But Long-Term Benefits For Auto Sector
02 Feb 2022, 12:38 PM IST i


The budget proposals for the auto sector are a welcome move (Representational)
For the Indian automobile industry, the Union Budget 2022 is a mid to long-term as well as a forward-looking budget. The industry, which faced several roadblocks, such as the semiconductor shortage, BS-VI regulations, pandemic-induced restrictions in different states over the last year, had expected rationalisation of GST rates and reduction of duties to create additional demand for the vehicles. As high GST rates are prevalent, the ...
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