Budget 2024 Nirmala Sitharaman Made No big Announcement in Auto Sector by Pearlwin
~PR.306~CA.174~ED.70~##~
~PR.306~CA.174~ED.70~##~
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00:00We are going to talk about the Union Budget.
00:02We have already seen the expectations.
00:05In the automotive industry, there are no major updates.
00:15For example, the GST of petrol and diesel has not been updated.
00:24In the frame 3, there is no budget reveal.
00:33In hybrid, there is no budget reveal.
00:49In EV, the sales tax is reduced by 28%.
00:55The cost of purchasing EV will be reduced.
01:04In road infrastructure, 26,000 crores have been allocated.
01:12There are two major key players.
01:17One is Andhra Pradesh and the other is Bihar.
01:2125 minerals import tax duty has been waived off.
01:35Lithium and copper are used in battery manufacturing.
01:43In the future, it will be used in battery manufacturing.
01:50Lithium is the base material for making lithium-ion batteries.
01:55After importing lithium-ion batteries, it will be manufactured in India.
02:02This will increase job opportunities.
02:07The price of lithium-ion batteries will also drop.
02:10Many companies will be established in the future.
02:13The price of lithium-ion batteries will also drop.
02:15This will increase job opportunities for youth.
02:21The price of EV vehicles will also increase.
02:26The price of EV vehicles is higher than that of petrol vehicles.
02:30There will be a rapid change in the EV industry.
02:35There is a possibility to buy EV vehicles at a very low price.
02:40There is no update other than this.
02:43If you expect any update, let me know in the comments.
02:47If you expect any update, let me know in the comments.
02:51Many things are not expected from an EV manufacturer.
02:57Many things are not expected from an EV manufacturer.
03:01I am your Palvin.
03:03Stay tuned with Drivesport Tamil.
03:04See ya!
03:17Drivesport Tamil