Automobile Auto companies are confident, the government will promote green transport in the budget.

Automobile Sector Budget: Some major companies in the automobile sector believe that the government needs to continue the policy of promoting green transportation in the upcoming budget. He says that apart from this, there is also a need to maintain the pace of development of the infrastructure sector. Finance Minister Nirmala Sitharaman will present the interim budget on February 1.

Hope for Mercedes-Benz India

Mercedes-Benz India Santosh Iyer, Managing Director and Chief Executive Officer (CEO) said, “We expect capital spending on projects in the infrastructure sector to continue. The government continues to focus on policy incentives for green transport. should be kept. This will help increase the adoption of electric vehicles in the country. Iyer said that the luxury car industry contributes significantly to the country’s gross domestic product (GDP). In such a situation, the sector wants to The duty structure and GST should be aligned on a priority basis. Overall, we do not expect any ‘surprises’ in the upcoming budget, he said.

Currently, 28% Goods and Services Tax (GST) is levied on luxury vehicles. Additionally, an additional cess of 20 percent is levied on sedans and 22 percent on SUVs. In such a case, the total tax on these vehicles is around 50%.

Toyota Kirloskar demands

Toyota Kirloskar Motor’s Deputy Managing Director (Corporate Planning, Finance and Administration and Manufacturing) Shabvesh R Maru said the vehicle manufacturers are confident that the government will continue its efforts to shift the economy and transport sector towards a greener future. which will move away from fossil fuels. Less dependence on fuel.

JK Tire & Industries Raghupati Singhania, Chairman and Managing Director said that sustainable policies for the automobile sector will lead to expansion of the sector.

Mahindra Last Mile Mobility hopes for commercial vehicles.

Mahindra Last Mile Mobility Managing Director and CEO Suman Mishra said people are becoming financially empowered through inclusive income generation, electric three-wheelers and commercial vehicles. We hope that this sector will be prioritized in the budget through the Scheme for Adoption and Development of Electric Vehicles in India (FAME).

PHF LEASING LIMITED Chief Executive Officer (CEO) Shali Gupta said the government is committed to the goal of net zero emissions by 2070. In such a situation, Electric Light Commercial Vehicles (ELCV) are not only providing employment but also playing the role of low emission solution. He hoped that the government would not only continue to support the subsidy on ELCVs but also facilitate their registration process.

Dynamic green Founder and CEO Sulja Farodia Motwani expressed hope that the government will continue to support electric vehicles by announcing the FAME-III scheme.

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