Budget expectation 2024: Industry captains call for encouraging R&D, localisation and incentives for EV and alternate fuel ecosystem
The Budget 2024 is expected will be announced next month, and the automotive industry is keenly pinning its hopes on the Finance Minister to announce a slew of policies to drive Make-in-India for the world and support the automotive ecosystem.
Prashanth Doreswamy, President and CEO, Continental India: “The industry is keenly anticipating some favourable announcements in the upcoming budget. In my opinion, there are a few crucial areas that need to be covered to maintain consistency in the industry’s progress. Focus on local manufacturing continues to be an integral part of economic contribution. In the last few years,
