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Booster dose to auto sector from full budget 2023! What is expected from the interim budget?

What was the impact of the booster dose in 2023?

If media reports are to be believed, the impact of the provisions made by the government for the auto sector in the full budget for the financial year 2023-24 was also seen on the sales of vehicles during the calendar year 2023. Passenger vehicle (PV) volumes in the domestic market are expected to cross a significant milestone of 4,000,000 units during a calendar year (CY) for the first time in 2023 with many original equipment manufacturers amid strong vehicle demand throughout the year and improving supply chain. Crossed the stone. In the calendar year 2023, sales of passenger vehicles increased by about 8.33 percent to 4,108,000 units as compared to the year 2022. Sales of passenger vehicles in the year 2022 were 3,792,000 units.

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