What Union Budget 2023 offers for auto industry: A look at key announcements2 min read . Updated: 01 Feb 2023, 01:58 PM IST
- Union Budget 2023 removes custom duty on capital goods/machinery for manufacture of lithium-ion cell for use in batteries of electrically operated vehicles (EVs). The move is said to help in reducing the cost of EVs in the country.
Union Finance Minister Nirmala Sitharaman presented the Union Budget 2023 in the parliament today. As always, the budget has something for each sector of the economy. Here’s a look at the key announcements for the automobile sector in the last full budget of Modi government 2.0
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