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Budget 2020: Automobile sector pins hopes on tax sops to jump-start growth engine

Updated : January 28, 2020 07:16 PM IST

Given the current lack of local manufacturing capabilities, it is expected that custom duty for EV battery imports are reduced in the short term.
The industry expects a formal incentive-based ‘Scrappage Policy’ for passenger cars with support from the government.
Budget 2020: Automobile sector pins hopes on tax sops to jump-start growth engine

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