Shashank Srivastava, senior executive of Maruti Suzuki, has said about the general budget for the financial year 2023-24 that it will help in increasing vehicle demand.
Maruti Suzuki Budget Reaction: Recently the budget 2023 has been presented. In such a situation, reactions of many people are being seen. Meanwhile, Shashank Srivastava, senior executive of Maruti Suzuki, has said about the general budget presented for the financial year 2023-24 that there are many such provisions in it, which will help in increasing the demand. with the help of financial year Around 40.5 Lakh to 41.5 Lakh in sale of vehicles The expectations of the car company will be proved right. He said that the needs of the auto industry have been taken care of in the budget promoting the growth of the auto industry.
The needs of the auto industry were taken care of in the budget
He said that he estimates that the sales of passenger vehicles will grow at the rate of 4.5 per cent to 7.5 per cent in 2023-24. It will be around 40.5 lakh to 41.5 lakh units. In the current financial year, the total sales of the industry should be around 38.5 lakh units. Looking at the budget according to the auto industry, he said that most of the needs of the industry have been taken care of. He said that 33 per cent increase in allocation for the area of basic infrastructure, change in tax rates and options like interest-free loans to states will increase the demand for vehicles.
He said that as far as capital expenditure is concerned, it increases not only short term but also long term demand. Apart from this, the capacity of supply will be increased which is very important for growth. Will also work to increase employment. He said that in the new tax policy, tax payers will have income to spend, the vehicle industry will also benefit from this. Srivastava said that looking at these provisions, it can be said that this budget has proved to be very good for the auto industry.
