 "Budget 2021-22 wishlist: Here are the key challenges in automotive sector")
Key challenges
Sustained recovery of market demand: The market has shown green shoots of recovery with high growth in Q3FY21.
Timely revival of the NBFC sector: The sector accounts for a major share of the retail financing and is key to driving sales in the commercial vehicle segment. Currently this sector is in severe stress with high NPAs and availability of funding
Commercial vehicle industry: The sector and its supply chain has a longer road to revival
Sustained recovery of market demand: The market has shown green shoots of recovery with high growth in Q3FY21.
Timely revival of the NBFC sector: The sector accounts for a major share of the retail financing and is key to driving sales in the commercial vehicle segment. Currently this sector is in severe stress with high NPAs and availability of funding
Commercial vehicle industry: The sector and its supply chain has a longer road to revival
Industry ask
- GST cut: Reduce tax from 28% to 18% for 1 year
- Vehicle scrappage policy:
