Union Budget 2021 | Automotive sector welcomes vehicle scrappage policy
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Industry leaders expect it to boost demand for new vehicles, help environment
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Vehicles would undergo fitness tests in automated fitness centres after 20 years in case of personal vehicles (PV), and after 15 years in the case of commercial vehicles (CV). File Photo.
Industry leaders expect it to boost demand for new vehicles, help environment
Leading players in the Indian automotive sector have welcomed the Centre’s move to separately announce a voluntary vehicle scrapping policy to phase out old and unfit vehicles.
While tabling the Union Budget for 2021-22,
Synopsis
In the Budget 2021-22, Finance Minister Nirmala Sitharaman proposed increase in customs duty of various parts, including ignition wiring sets, safety glass and parts of signalling equipment to 15 per cent with effect from February 2.
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New Delhi The proposal to increase customs duty on certain imported automotive parts in the Union Budget 2020-21 will lead to increase in car prices, according to Merecedes-Benz India and Skoda Auto Volkswagen, even as component makers said the step will encourage local manufacturing of such items. The government on Monday proposed an increase in customs duty on certain imported components used in automobiles.
It s happy new year for carmakers, auto cos start 2021 with record dispatches in January
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It s happy new year for carmakers, auto cos start 2021 with record dispatches in JanuaryBy
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Synopsis
This was the sixth month in a row when passenger vehicle wholesale volume grew in double digits, following on one of the most protracted slowdowns in the two decades amid the lockdown to contain the pandemic.
The double-digit volume growth in January is likely to be supported by the shrinking network inventory and stable retail momentum.
Mumbai: Indian carmakers registered record dispatches for the third straight month in January when they shipped 295,000-298,000 passenger vehicles to dealers on the back of growing consumer appetite for personal mobility in the wake of the Covid-19 pandemic and sustained pent-up demand.
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The Union Budget will be presented on February 1 by Finance Minister Nirmala Sitharaman.
Ahead of the Union Budget 2021, which will be presented by Finance Minister Nirmala Sitharaman on February, Federation of Automobile Dealers Associations (FADA), President, Vinkesh Gulati said the Indian automobile industry is a barometer of the Indian economy and its revival will in turn pull up the economy. Finance Minister Nirmala Sitharaman has already expressed her intention to revive growth and boost investor confidence. The upcoming 2021 Union Budget should be focused on measures to revive the Indian economy from the pandemic slowdown and boost consumption led demand. The Indian automobile industry is a barometer of the Indian economy and its revival will in turn pull up the economy. The auto retail industry is one of the key pillars of India s growth trajectory, contributing ~4.5 million jobs. We look forward to a demand led growth oriented budget.
Tata Tiago, Tigor, Nexon, Harrier: Check out the offers available in January 2021
Tata Tiago, Tigor, Nexon, Harrier: Check out the offers available in January 2021
The Tata Tiago, Tata Tigor, Tata Nexon and Tata Harrier have offers up to Rs 65,000 in January 2021.
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Offers on Tata Motors passenger vehicles in January 2021.
HIGHLIGHTS
The Tata Tiago has total offers up to Rs 25,000 in January 2021.
The customers can avail total offers up to Rs 15,000 on the Tata Nexon diesel.
The Camo, Dark Edition, XZ+ and XZA+ trims of the Tata Harrier have total offers up to Rs 40,000.
Tata Motors is providing offers up to Rs 65,000 on select models in January 2021. Among the vehicles of the automobile manufacturer with impressive benefits at present are the Tata Tiago, Tata Tigor, Tata Nexon and Tata Harrier.