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EV, auto component makers to gain from Budget 2024

EV, auto component makers to gain from Budget 2024

autherAmit Vijay M     calendar24 Jul 2024

Budget 2024 introduced measures such as a Rs 100 crore collateral-free credit guarantee scheme, augmentation of Mudra loans from Rs 10 lakh to 20 lakh, and plans for “plug and play” industrial parks near 100 cities. 

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Sustainability an overarching theme in Budget 2024 News
Sustainability an overarching theme in Budget 2024

By Radhika Dave calendar24 Jul 2024

India has set an aim of achieving net-zero emissions by 2070. The Prime Minister has also announced that India will ra...

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Skill set go: Budget 2024 puts focus on jobs  News
Skill set go: Budget 2024 puts focus on jobs 

By Radhika Dave calendar24 Jul 2024

In India, the skill gap in the labour force is a significant challenge.

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Budget 2024: It’s status quo for major schemes in auto sector News
Budget 2024: It’s status quo for major schemes in auto sector

By Kiran Murali calendar23 Jul 2024

Budget allocations have remained unchanged for major automobile sector schemes such as PLI for automobiles and compone...

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Budget 2024: EV players await clarity on FAME, EMPS News
Budget 2024: EV players await clarity on FAME, EMPS

By Prerna Lidhoo calendar23 Jul 2024

There is no change in the PLI scheme for Auto and Auto components for FY25.

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Budget 2024: Allocation for roads reassures construction equipment makers, but stocks correct News
Budget 2024: Allocation for roads reassures construction equipment makers, but stocks correct

By Shahkar Abidi calendar23 Jul 2024

Union Budget kept the allocation for Ministry of Road Transport and Highways' allocation largely unchanged. However, s...

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Some good, some bad news for EVs in Budget 2024 Analysis
Some good, some bad news for EVs in Budget 2024

By Amit Vijay M calendar23 Jul 2024

While EV batteries are set to get cheaper due to a reduction in custom duties on key minerals, industry participants w...

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Budget 2024: Rural development push can boost auto sales News
Budget 2024: Rural development push can boost auto sales

By Kiran Murali calendar23 Jul 2024

In the budget speech, Finance Minister Nirmala Sitharaman said a provision of Rs 2.66 lakh crore has been made for rur...

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Budget 2024: What Auto Inc wants News
Budget 2024: What Auto Inc wants

autherAutocar Pro News Desk calendar19 Jul 2024

Some industry asks are policies on charging infrastructure, enhancing battery recycling capabilities and impetus for R...

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From R&D incentives to EV infrastructure: What auto components industry expects from Budget 2024 News
From R&D incentives to EV infrastructure: What auto components industry expects from Budget 2024

By Prerna Lidhoo calendar12 Jul 2024

ACMA's recommendations to the government include incentivising capital expenditure, revising depreciation rates on pla...

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POLL OF THE MONTH

Will the incoming government continue with the policies for the automotive industry?

Will the incoming government continue with the policies for the automotive industry?

Yes

 

77.78%

No

 

22.22%

Total Votes : 72