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7 experts list what the auto sector expects from this year's budget

Union Budget 2023-24 will be presented by Finance Minister Nirmala Sitharaman on February 1.


Expectations from the budget include relief in GST for EV manufacturers, PLI-like incentives, and further smoothening in the manufacturing process.

Government may provide policies to promote exports and EV infrastructure.

Extension of PLI schemes, high allocation towards infrastructure and welfare programs expected.

Focus on FAME II subsidy, reduction in duty for EV-electronic spare parts, impetus to charging infrastructure and energy storage systems, and support in R&D for clean energy expected.


Extension of interest deduction under section 80EEB of IT Act 1969 up to March 2025 expected.


Rural consumption boost and entry-level 4W OEMs support expected.


Click here to know more about budget expectations of the auto sector.

Check here for more budget related stories.


Budget 2023 Expectations: What does the auto sector expects

Most analysts don't see major announcements in the space, however, they expect some PLI-like incentives, some relief in GST (especially for electric vehicles), and further smoothening in the manufacturing process.

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Budget 2023 Expectations: What does the auto sector expects

Most analysts don't see major announcements in the space, however, they expect some PLI-like incentives, some relief in GST (especially for electric vehicles), and further smoothening in the manufacturing process.

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