India
oi-Deepika S
New Delhi, Feb 01: Automotive manufacturer Tata Motors on Monday welcomed the new move by the Indian government with regards to the new vehicle scrappage policy.
Issuing a statement, Guenter Butschek, CEO & MD, Tata Motors said “Budget 2021 is a progressive statement of intent and action that aims to both stimulate and sustain growth following an unprecedented year. The significant increase in overall allocation towards capital expenditure has been complemented with comprehensive measures to catalyse multiple levers- focus on rural, infrastructure investment, impetus to manufacturing, social welfare, entrepreneurship and digital – to enable overall holistic development.
For the automobile sector, which is a significant contributor to India’s GDP, there are multiple welcome…