India's Automotive Industry Has High Hopes for Budget 2020, an Industrial Info Market Brief
Attachment: India Automotive Market
After facing its worst slowdown of the last two decades in 2019, India's automotive sector is keeping its hopes high for relief from Indian Finance Minister Nirmala Sitharaman's Union Budget, to be presented on February 1. The sector is seeking lower custom duties, a reduction in the goods and services tax and some regulatory concessions.
Industrial Info is tracking 121 active capital automotive projects worth $5.63 billion in India.