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Union Budget 2023 | Expectations from the automobile industry | The Hindu

The domestic automobile sector is dealing with three broad issues, namely, supply chain constraints, inflationary pressures and the transition to electric mobility There would be expectations from the budget in creating more incentives to choose electric vehicles, uniform GST tax rates and incentives to reduce dependency on import of electrical components The Indian government in 2015 introduced the FAME India scheme to promote electric and hybrid vehicles in the country The validity of the second phase of FAME is set to expire on March 31, 2024. Now, manufacturers of electric vehicles want this to extended Report: Saptaparno Ghosh Production: Gayatri Menon Voiceover: Kanishkaa Balachandran Thank you for watching our video! You can subscribe to our channel here: https://bit.ly/3c8Adi6 Visit https://www.thehindu.com/ for the latest updates, analysis, opinions, and more. You can also download our apps: Android: https://bit.ly/3nboBEi iOs: https://apple.co/3EDCwt4 The Hindu is committed to keeping you up-to-date with information on the developments in India and the world. We promise to deliver quality journalism that stays away from vested interest and political propaganda. You can support us by subscribing to our digital offerings here: https://bit.ly/3emywiz Follow us: Twitter:   / the_hindu   Instagram:   / the_hindu