The president and MD of Tier 1 supplier SEG Automotive India on his wish list from the Budget 2022.
“After a lull in the last 3 years due to an economic slowdown and 2 consecutive years of the pandemic, the Indian automotive market is looking for a quick revival and its expectations from Budget 2022-23 have risen further up to support growth across the industry. Amid rising fuel prices the Indian market also witnessed movement towards electrified vehicles, especially in two- and three-wheeler space. Presently we still see a high level of imported parts/systems in the market.”
“We at SEG Automotive India are fully committed towards e-mobility by bringing in localised system solutions to the Indian market. We look forward for government to provide further impetus by bringing EV favourable schemes to reduce imports and to promote and strengthen local manufacturing. Also, the recently announced PLI scheme to be more friendly to mid-sized component manufacturers to be in a position to avail the benefits of the scheme.”