“Based on last year’s progressive Budget and various Government interventions, the auto industry witnessed a healthy growth. In the upcoming Union Budget, given the macro-economic scenario, our expectation is that the Government would continue to retain growth orientation. Further, continued economic reforms and infrastructure upgradation along with special thrust for the rural economy as well as keeping a check on rising interest rates would be important for sustaining good demand.
The Government has also been pushing for greater self-reliance while directing the future growth towards greener and more environment friendly technologies. For this, multiple green technology pathways are being encouraged to achieve national goals of fossil fuel and carbon emission reductions. This includes incentives provided under various PLIs, policy support extended for electric mobility, alternate fuels like Ethanol and Bio-CNG as well as the recent announcement of the ambitious hydrogen mission. We are hopeful that keeping in line with this, the policy initiatives will continue in order to accelerate rapid consumer adoption of green technologies while we, at TKM, would continue to support the Government’s efforts towards shifting the economy and transportation sector towards a greener future that is less dependent on fossil fuels.
On a mid-long term perspective, we also hope that the Government would continue in its efforts to invest towards upgradation of health infrastructure, improving quality of education and towards upskilling which will strengthen the ecosystem to keep pace with the rapid technological transition.”