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Budget 2021: Many positives for mfg sector and CVs, says Ashok Leyland MD


The Finance Minister has unveiled a well-thought-out budget anchored by six key pillars. This could set out a virtuous cycle for growth and job creation, propped up by a a thrust on public investment in infrastructure and health. The key will be in effective implementation, according to Vipin Sondhi, MD & CEO, Ashok Leyland.
The Union Budget 2021 has several positive signals for the manufacturing sector and Commercial Vehicles (CV), which are core to the economy, said Sondhi, while mentioning four specific areas that he feels could provide the much needed demand impetus to the CV sector.
The first of these is the commitment to augment the country s road infrastructure with projects for building 8,500 km of highways and economic corridors augurs well for surface and road transport, he explained. ....

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India Auto Inc responds to Budget 2021


India Auto Inc responds to Budget 2021
The Finance Minister of India, Nirmala Sitharaman presented the Budget 2021, which has been looked upon wishfully by all-industries alike. For India Auto Inc, which was hoping for massive reforms that could help repair the damage witnessed in 2020, the budget has received a mixed bag of response. Here’s what India Auto Inc thinks of the Budget 2020-2021.
 
KENICHI AYUKAWA, PRESIDENT, SOCIETY OF INDIAN AUTOMOBILE MANUFACTURERS
“In a visionary budget, the government has adopted an expansionary stance with a thrust on infrastructure building with measures for efficiency improvement and increasing competitiveness. Good macroeconomic growth will translate to good auto sector demand. Specifically, the vehicle scrappage scheme has a good intent and the auto industry would be keen to work with the government on suggestions for maximizing benefits to environment and society.” ....

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