Budget 2025: Auto Industry expects GST reforms, enhanced localization, EV adoption
The Auto Industry's Expectations from Budget 2025 highlight key areas of focus, including reforms in GST to streamline taxation, increased support for localisation to boost domestic manufacturing, and measures to accelerate the adoption of electric vehicles (EVs). Industry stakeholders are looking for a more favourable tax structure and incentives that encourage local production, reduce import dependency, and support the transition to a greener, more sustainable future with greater EV integration.
The Auto Industry's Expectations from Budget 2025 highlight key areas of focus, including reforms in GST to streamline taxation, increased support for localisation to boost domestic manufacturing, and measures to accelerate the adoption of electric vehicles (EVs). Industry stakeholders are looking for a more favourable tax structure and incentives that encourage local production, reduce import dependency, and support the transition to a greener, more sustainable future with greater EV integration.
