From Tata Motors to maruti Suzuki, what are the auto companies expecting from this budget?
Budget 2025 Expectations: The automobile sector has many big expectations from the budget to be presented today i.e. on february 1. Let us know what auto companies from Tata Motors to maruti Suzuki want from this budget.
Union Budget 2025 Expectations: Finance minister Nirmala Sitharaman is going to present the budget today i.e. on february 1. Every sector has some expectations from this budget. In such a situation, the auto industry also has many high expectations from the budget. In this episode, big auto companies like maruti Suzuki and Tata Motors have many possibilities from the budget to increase their growth.
What does maruti Suzuki say?
Maruti Suzuki says that after the last three quarters of the year 2025, now in the fourth quarter, the company expects retail sales to grow by 3.5 percent. According to the executive director of the company, most of the things related to the auto sector are under the purview of GST.
If steps are taken in the direction of consumption, it will be very good for the auto industry. He says that what is good for india is also good for Maruti. If the economy runs well and consumption also increases, then it will be good for us.
What is the demand for Tata Motors?
On the other hand, Tata Motors says that if the government takes any steps to increase the demand in the budget, then domestic growth can also be seen. The company says that there are many reasons due to which the demand is sluggish. There are many reasons behind this, such as tight cash situation.
Reduction in GST rate on vehicles
The automobile industry demands that the rate of Goods and services Tax (GST) on hybrid and electric vehicles be reduced from 28 percent to 18 percent. This step will encourage the adoption of environment-friendly vehicles and will be in line with the government's vision of a green and sustainable future.
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