Union Budget 2021: Two-Wheeler Manufacturers Looking For GST Rate Relief And EV Incentives
Finance Minister N Sitharaman is all set to present the Union Budget for FY2021-22 on February 1, 2021 and the auto industry, the two-wheeler sector in particular is looking for some support from the government for the coming year.
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Highlights
Financial institutions should offer auto loans at lower rate of interest
Purchasing EVs should be incentivised for better volumes
The year of 2020 left an unpleasant taste for most of us. The same can be said for the Indian automotive industry, which was already in a decline and with the coming of the COVID-19 pandemic, the situation took a turn for worse. Most two-wheeler manufacturers were able to navigate through the troubled waters last year in the form of the pandemic, BS6 transition and a significant rise in the prices of raw materials. But ,with the Union Budget 2021 on the anvil,