Auto sector wants measures to boost infra, sustainable mobility

With the Budget set to be presented on February 1, the Indian automotive sector is anticipating key policy measures to further accelerate this sector which is one of the major employment generators.

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According to the industry, a budget emphasising infrastructure, sustainable mobility, and industrial competitiveness will not only propel the automotive and allied sectors but also significantly contribute to India’s growth story.

The industry is anticipating increased allocation on infrastructure sector and enhancing the scope of Production Linked Incentive Scheme (PLIs) to drive the automotive sales.

With regards to the automotive sector, India is now on the verge of achieving the target of E20 (20% ethanol blending) in the shortest timeframe, globally. This will substitute significant fossil fuel imports with indigenous biofuel sourced from the country’s farmers and result in lower carbon emissions.

“We request the Centre for appropriate merit-based policies that support and help in popularising greener technologies and alternative fuels helping in faster and greater adoption of sustainable mobility solutions,” a senior official of Toyota Kirloskar Motor, said.