Auto Industry Disappointed With Budget, But Welcomes EV Support

July 06, 2019 |
|
Lifestyle
Auto Industry Disappointed With Budget, But Welcomes EV Support

The automobile industry has welcomed the government's support for the electric vehicle industry in the announcements in the Union Budget 2019, but is disappointed that there has been no support for the automobile industry at a time when the industry is facing several challenges, including a slowdown in sales. Auto industry body SIAM (Society of Indian Automobile Manufacturers) has said in a statement that the auto industry is happy that Finance Minister Nirmala Sitharaman has extended wholehearted support to electric mobility, but cautioned that this will not help the automotive industry in emerging from the current slowdown it is facing today.

Related Articles

© 2019 Financial Views. All Rights Reserved