Tata curve
Budget 2025: There is 3 days left for the budget to be presented. This time the budget is expected to be special. Vehicle companies are also highly ud by budget. Auto companies have demanded the Finance Minister that the Finance Minister should consider consumption measures to increase sales in the domestic market. Maruti Suzuki India (MSI) said on Wednesday that any measure to improve the speed of overall consumption in the upcoming budget will help the vehicle industry struggling with sluggish increase. At the same time, Group of Tata Motors, Chief Finance Officer (CFO) PB Balaji said on Wednesday that in the event of external environment being extremely blurred, measures can be considered in the Union Budget to increase the demand and speed up the domestic growth. .
An increased concern due to decrease in sales of vehicles
Balaji, in discussion on the company’s quarterly results, said that the demand has been weak due to many factors after good festive weather. This includes factors such as a tight cash status and market status’ not being very good. However, this is not a crisis -like situation. He said that due to the impact of the fourth quarter of the current financial year and the impact of investment in infrastructure by the government, the demand is expected to improve gradually. He said, “If measures for consumption (increase) are also taken (in budget), then it will help in dealing with the situation of not being much better.”
Maruti hopes to grow
The country’s largest car manufacturer company hopes that after seeing a similar increase in the last three quarters of the current financial year (2024-25), it is expected to increase its retail sales in the fourth quarter nearly 3.5 percent. After the announcement of the third quarter results, MSI’s Executive Director (Corporate Affairs) Rahul Bharti was asked about the budget expectations, he said, “I think most of the activities related to the vehicle industry are now under GST. But if any step is taken to speed up consumption in the country, then it will be good for everyone. ” He said, “What is good for India is also good for Maruti. I firmly believe and vice versa, which is good for Maruti, is also good for India. Therefore, if the economy runs well, if consumption increases, it will be good for us. ”
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