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Budget 2022-23: Job creation to drive auto sales, say brokerages

When the government announces the Union Budget on Tuesday, brokerages and rating agencies expect measures to make automobiles, particularly two-wheelers, more affordable

used car, second-hand cars, auto demand, automobile, cars, vehicles, hyundai
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Shally Seth Mohile Mumbai
When the government announces the Union Budget on Tuesday, brokerages and rating agencies expect measures to make automobiles, particularly two-wheelers, more affordable. Any employment generation initiative, if announced, will spur consumption, they say. A focus on infrastructure development and rural economy will also bode well for the revival of a sector that is set to end fiscal 2021-22 (FY22) with a year-on-year volume decline for the third straight year.

After two consecutive years of fall, volumes were supposed to rise in FY22. But a sharp and sudden surge in the second wave derailed the recovery that was seen in the

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First Published: Jan 29 2022 | 6:00 AM IST

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