Jalaj Gupta, Head – CV Business Unit, Mahindra & Mahindra
Roadmap on fuel, more power to Vehicle Scrappage Policy and GST reclassification for auto sector top expectations.
Jalaj Gupta, Head – CV Business Unit, Mahindra & Mahindra has a 3-point Budget Wishlist.
Firstly, the budget should give a clear roadmap on fuel usage for the industry. This will help us a lot in our strategic planning because as of today, we have 7-8 fuel sources which besides diesel also includes CNG, LNG, hydrogen, ethanol and others, on which work is happening in parallel or is being spoken about. One cannot expect the OEM to work in parallel on so many fuel types. So clarity on this front will help every OEM.
My second point pertains to the vehicle scrappage policy which was announced a year ago. The government needs to give this policy more teeth if it is to be really effective. The scrappage policy today is voluntary in nature but we are looking at it to give a big stimulus for demand in the transportation sector, and for our product portfolio, when it comes to the commercial vehicle industry.
Third on my wish list is the GST reclassification for the auto sector, and which has been discussed a lot in the public domain.
RELATED ARTICLES
Modern Automotives targets 25% CAGR in forged components by FY2031, diversifies into e-3Ws
The Tier-1 component supplier of forged components such as connecting rods, crankshafts, tie-rods, and fork bridges to l...
VinFast’s second plant in Vietnam goes on stream ahead of India factory
Vietnamese EV maker’s second plant in its home market, which has a 200,000 EVs-per-annum capacity, will focus on produci...
Continental exits TBR market in India, shifts focus to car and SUV radials
German tyre manufacturer aims to tap the double-digit market growth opportunity for big SUV and luxury car tyres which w...