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Union Budget 2018: Live updates, announcements and reactions from the Indian auto industry

Team OD  /
01 Feb 2018 10:48:47 IST

It is an important day today as Finance Minister Arun Jaitley announces the last budget by the Modi Government. While every sector in the country is eyeing the Union Budget 2018, the automobile sector in India is also hoping for positive reformations. The electric as well as premium car manufacturers have emphasised the fact reduce GST rate to 5 per cent on all electric vehicles and electric vehicle subsystems. Some have also expressed a relaxation on personal income tax, that is believed to be a key element of Union Budget 2018. Here are all the live updates from the 2018 Union Budget that concerns OEMs as well as accessory and ancillary manufacturers.

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