New Delhi, February 02, 2018: “While there was no specific mention about the automobile industry in the budget, the sector is poised to benefit from the government’s strong focus on boosting infrastructure and connectivity. Increased allocation of funds for roads and highways will bring positive sentiments for the sector by increasing demand for transport. Infrastructure development has always been prerequisite for growth and the key focus towards boosting rural economy and improving the farming sector will further spur the demand for automobile components especially for tractors and two-wheelers. With a certain focus on increase in custom duty on the auto component, we also expect a boost for the manufacturing sector.”
Corporate Comm India(CCI Newswire)
