INSUBCONTINENT EXCLUSIVE:
Budget 2021: Auto sector expects quick announcements under the PLI schemeBudget 2021: In recent years, the automobile sector witnessed
several challenges in terms of reduction in demand and increase in costs due to the introduction of new safety and emission norms
In last year's budget, the demands for the sector were unmet
In order to provide a significant boost to the auto sector, Brickwork Ratings suggests in its report titled 'BWR Pre-Budget Expectations
could be a catalyst in reviving sales
availability of the input tax credit of GST paid on automobiles for businesses will increase vehicle sales to corporates
Some special deductions for interest paid on auto loans could also be a positive step in boosting demand
As a part of the Atmanirbhar Bharat scheme, the automotive and related ancillary sector is included in the production-linked incentive (PLI)
