Budget 2024: Auto industry wishes for FAME 3, tax sops for hybrids & more

The Indian automobile industry is at a crossroads. Multiple disrupting factors have been playing a crucial role in the industry over the last few years. Being an apex manufacturing industry, the Union Budget always draws a lot of attention from the auto sector. Earlier this year, when Finance Minister Nirmala Sitharaman presented the interim budget, there was nothing to boast about for the auto industry. However, with the complete Union Budget 2024 slated to be tabled on July 23, the Indian auto industry has a lot of expectations from the government.

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Here’s a quick and comprehensive look at the expectations of the Indian auto sector from the Union Budget 2024.