Union Budget 2021: Automotive Manufacturers Welcome Scrappage Policy And Highway Infrastructure Announcements The Union Budget 2021, presented by N Sitharaman, India's Finance Minister, has been appreciated by the auto industry. Here's a look at some of the reactions on the 2021 Budget from industry leaders. 5,751 Views Highlights Voluntary scrappage policy announced for old, unfit vehicles Highway network to be expanded by 8,500 km by March 2022 The Indian auto industry is one of the leading contributors to the country's GDP. Already in decline before the pandemic struck, the auto sector was hoping for a reprieve from Finance Minister N Sitharaman, in the Union Budget. The Finance Minister announced the coming of a voluntary scrappage policy for old and unfit vehicles along with significant budget allocation for improving India's highway infrastructure and increasing the custom duty for automotive parts. Overall, the auto sector has lauded the slew of related announcements and here are some reactions from industry heads across sectors.