“Union Budget 2023-24 is aligned with the Prime Minister’s vision of building a competitive and resilient India, with inclusive growth. The budget emphasises comprehensive national infrastructure development and expands on the digitization of the economy. The road transportation sector plays an important role in national development and would have an even more impactful role, going forward, in supporting the Government's vision. The announcement that old vehicles owned by the central government and state governments will be replaced as part of the vehicle scrapping policy presents a significant opportunity for fleet modernisation. This budget also echoes our sentiment and commitment to clean energy vehicles for a cleaner and greener future, as part of a national mission to achieve the net zero carbon emission goal.”
Post Budget reaction by Mr. Shenu Agarwal, MD & CEO,
Ashok Leyland:
“The Finance Minister has presented a Budget for 2023-24
that is pro-growth and pro-development, with a focus on sustainable
development, energy transition for a cleaner tomorrow, and inclusive growth
through a tech-enabled economy. The budget further reinforces our nation’s
ambition to make India "Atmanirbhar." The entire budget for this year
addresses a wide range of topics to support the economy, including health,
education, infrastructure, and agriculture.”