This is the effect of 2018 Budget on the automotive sector. The Budget 2018 just presented by Union Finance Minister Arun Jaitley did not have a massive impact on the automotive industry at all. However, there were key highlights for automotive industry which touched upon fuel prices, luxury car prices, and urban infrastructure and highways. The automobile industry sees no respite from the present GST and cess rates, the luxury car prices have been increased and the electric vehicle have no mention in the budget 2018. That said, the budget 2018 was expected to cater to the agriculture sector rather than other industry. Here are the key highlights from the Union Budget 2018 for the automobile industry.
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Source: https://www.drivespark.com
