No Big Announcement for Automotive Industry In 2024 Budget | Arun Teja
2024 బడ్జెట్పై ఎన్నో ఆశలు పెట్టుకున్న ఆటో రంగానికి నిరాశే ఎదురైంది. ఎలక్ట్రిక్ వెహికిల్స్ కోసం అందించే ఫేమ్3 సబ్సిడీ ప్రకటన వస్తుందని భావించినా దానిపై ఎటువంటి ప్రకటన చేయలేదు. ఎలక్ట్రిక్, హైబ్రిడ్ వాహనాలపై పన్ను తగ్గింపు ప్రస్తావన కూడా రాలేదు. దీంతో భారతీయ ఆటోమోటివ్ పరిశ్రమ తీవ్ర నిరాశకు గురయ్యింది. ఆటో రంగానికి సంబంధించిన బడ్జెట్లో ఇతర కీలక అప్డేట్స్కి సంబంధించిన వివరాల కోసం వీడియో చివరి వరకు చూడండి.
#unionbudget #automotive #unionbudget2024 #electricvehicles #fame3 #unionbudgetauto #TeluguDriveSpark
~PR.330~ED.157~CA.156~
#unionbudget #automotive #unionbudget2024 #electricvehicles #fame3 #unionbudgetauto #TeluguDriveSpark
~PR.330~ED.157~CA.156~
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NewsTranscript
00:002024 Union Budget, finally Nirmala Sitharaman has approved, mainly the automotive sector.
00:21I have made a video on this sector before, in that video I have made a video with a lot of expectations.
00:27But I am trying to tell you in this video that those expectations have not reached.
00:32Because the expected electric vehicles, hybrid vehicles, petrol and diesel, these may come under GST.
00:42There were a lot of expectations.
00:44But all those expectations have been watered down.
00:47So, we can say ok for some of them, but our expectations have not reached completely.
00:54Mainly in the automotive sector, we thought that petrol and diesel would come under GST, but it did not come.
01:00And we said that we will reduce the sales tax for hybrid vehicles, but that also did not come.
01:06And after this, EV vehicles, EV charging stations, infrastructure, they said that they will pay interest, but that also did not come.
01:14So, finally, they have completely removed import duty taxes on these minerals.
01:23So, due to this, there are some benefits, we will discuss about that again.
01:27And if we look at some more, we have expectations that we will increase the charging stations a little faster, but that is also not there.
01:38So, now if we look at the benefits, Andhra has been allocated 15,000 crores for capital development.
01:46So, that does not come in our auto sector, so let's put it aside.
01:49And another thing, Bihar has been allocated 26,000 crores.
01:53So, they have allocated this for road infrastructure in Bihar.
01:57This also comes under the automotive sector, so we can say that there are some benefits.
02:02Because, mainly to make transportation easier, this development has played a major key role.
02:08So, mainly in this budget, Andhra and Bihar, I feel that these two states have played a key role.
02:14Because, most of the amount has gone to these two states.
02:18So, let us know what you think in the comments.
02:21Mainly, as I said earlier, they have completely waived off the import duty taxes for 25 minerals.
02:28So, what are the benefits due to this?
02:30There will be no direct benefits, there will be indirect benefits.
02:34To tell that mainly, now the main key role in battery manufacturing is lithium and copper.
02:42And along with this, there will be some minerals.
02:44So, by importing these minerals, we can import them for free.
02:48There will be no tax on this.
02:50What we are presenting now is that we are directly importing batteries for these electric vehicles.
02:56That is, we are importing the battery itself.
02:59So, we are depending on other countries.
03:02But, if we use these minerals and manufacture the batteries locally,
03:07we can get the benefits directly.
03:12So, due to this, the battery manufacturing companies can also grow larger.
03:17We can get less unemployment.
03:19And, we can get a good job for the youth.
03:22Along with this, we can say that the prices of battery vehicles will mainly go down.
03:27I feel that these are indirect benefits.
03:30So, in the video I did yesterday, I did it with a lot of expectations.
03:34As I am an auto enthusiast, I had some expectations.
03:38So, if you are also an auto enthusiast, let me know your expectations in the comments below.
03:43And, if you missed anything in this video, let me know in the comments below.
03:46It will be helpful for me to relate it and make another video.
03:49So, let's meet in another video in this video special.
03:52Be sure to like and share this video.
03:54Subscribe to Telugu Drives Park.
03:56See you in the next video.
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