Budget 2025: Agri focus, tax cut to build positive momentum for auto sector

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Budget 2025: Agri focus, tax cut to build positive momentum for auto sector - Business Standard

Quick Summary:

"The specific focus on rural prosperity and agriculture, coupled with reforms in the personal income tax, is likely to have a positive effect on the auto Industry, and will help in creating demand," SIAM President Shailesh Chandra said in a statement.

The budget's focus on agriculture and tax relief for individuals is likely to spur demand triggering a positive effect on the automobile industry, industry players on Saturday.

As the industry transitions into cleaner powertrains, it will specifically benefit from the National Manufacturing Mission, which supports clean tech manufacturing for batteries, motors and controllers, he added.