India's automobile industry was eagerly awaiting the general budget. What does the industry think now, facing the biggest recession of the last two decades? Apart from this, it is difficult to answer clearly now. First of all, see that after the implementation of GST, we used to wait for the first budget regarding the change in tariffs, now it is not like that. But still, there are many measures that will indirectly affect the automobile market. First of all, no revenue has been earned in the allocation for the rural area but has been increased. With this, when the situation in the villages improves, then there will definitely be demand for vehicles from there as we sell 40 percent of the cars in the villages, so we can benefit more. Secondly, out of the total expenditure of Rs. 30 lakh crore, an amount of Rs. 4.37 lakh crore is being given to the entire infrastructure sector.

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Apart from this, spending more money on the infrastructure sector will increase demand for all types of vehicles. The third effect will be the way he has worked to create a business-friendly environment in the Finance Minister's speech. However, the government has already created an environment by cutting corporate tax, which will also affect the automobile sector. However, the customs duty on minerals used in the automobile industry has been increased, which will also have a negative impact. Other than that, it is difficult to say. So it is difficult that the market is going through a change. All companies have launched or are going to launch vehicles as per BS-6 and other standards. Vehicle prices have already increased.

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The demand in the rural market has increased in January, which is a positive sign. But how the customer sees the price rise, it is yet to be revealed. Obviously, nothing can be said right now. The government is definitely talking about promoting electric cars and there have been some announcements in the budget or even before that. But not only in India, but there is also a lot of problem in the way of electric cars in the whole world. Along with this, the biggest problem is with battery prices. If I give an example, two big car companies have launched their electric cars in the last few months. One costs Rs 24-25 lakhs, while the other costs Rs 14 lakhs. Their normal (petrol) prices are Rs 12 lakh or Rs 6 lakh respectively. That is, the price has doubled only because of the battery.

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