Budget 2023: 7 experts list what the auto sector expects from this year's budget
Most analysts don't see major announcements in the space, however, they expect some PLI-like incentives, some relief in GST (especially for electric vehicles), and further smoothening in the manufacturing process.
The Union Budget for the year 2023-24 will be presented by Finance Minister Nirmala Sitharaman in the Parliament on February 1, the last full Budget of the Modi government before the 2024 general elections. The budget, this year, is likely to be growth-oriented with a focus on capex, manufacturing, infrastructure, and rural economy.
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