Expectations for the Auto Sector from Budget 2013 BHPians,
Now that Budget 2013 is at the corner what should be the auto sector's expectations from the budget 2013 as per BHPians. Since the auto industry is experiencing a slowdown, what measures should the govt in its last year of tenure provide to boost the sector. Will the govt hand a sweet pill for the sector as this will be the last budget before the general elections in 2014. Last year the Diesel cars were spared from the anticipated tax, however excise duties were hiked which resulted in the jacking up the car prices. Most of the car manufacturers are already reeling under the losses on account of huge discount provided over the last festive season, the hike have spilled into the new year too. For last years budget outcome for auto sector pls see the wonderful thread by GTO. http://www.team-bhp.com/forum/indian...need-know.html
So what according to BHPians can the auto sector expect from this budget? Have broadly classified the expectations into sections as below:
1) Personal tax: Will the tax slabs be tweaked to allow more income in the hands of individual which will allow spending on the buying of vehicles. Also will the govt increase the age old transport allowance exemption from the measly 9.6K per annum to realistic figures?
2) Excise duties: Last year the excise duty hikes had increased the car prices across the segments, will this time the FM be generous to reduce the same to allow affordabilty for the buyers.
3) Insurance: Over the last few years the motor insurance have been on the rise, although the norms are dictated by the IRDA, will FM allow any benefits such as exemption from IT on Insurance premiums paid for vehicles.
4) Promotion of hybrid vehicles: What sops will the budget unveil as far as hybrid vehicles are considered as a part of saving environment?
5) 2 wheeler/Commercial vehicles segment: What will the budget surprise be for these segments?
6) Highway Infrastructure: Will the govt give enough incentives this budget to put the infrastucture in the fifth gear for the development of better & quality roads and highways?
BHPians - Request to put your thinking caps and start jotting down. Feel free to add any categories which I may missed.
Last edited by GTO : 23rd January 2013 at 12:21.
Reason: Fixing typo
|