00:002024 Union Budget, finally Nirmala Sitharaman has approved, mainly the automotive sector.
00:21I have made a video on this sector before, in that video I have made a video with a lot of expectations.
00:27But I am trying to tell you in this video that those expectations have not reached.
00:32Because the expected electric vehicles, hybrid vehicles, petrol and diesel, these may come under GST.
00:42There were a lot of expectations.
00:44But all those expectations have been watered down.
00:47So, we can say ok for some of them, but our expectations have not reached completely.
00:54Mainly in the automotive sector, we thought that petrol and diesel would come under GST, but it did not come.
01:00And we said that we will reduce the sales tax for hybrid vehicles, but that also did not come.
01:06And after this, EV vehicles, EV charging stations, infrastructure, they said that they will pay interest, but that also did not come.
01:14So, finally, they have completely removed import duty taxes on these minerals.
01:23So, due to this, there are some benefits, we will discuss about that again.
01:27And if we look at some more, we have expectations that we will increase the charging stations a little faster, but that is also not there.
01:38So, now if we look at the benefits, Andhra has been allocated 15,000 crores for capital development.
01:46So, that does not come in our auto sector, so let's put it aside.
01:49And another thing, Bihar has been allocated 26,000 crores.
01:53So, they have allocated this for road infrastructure in Bihar.
01:57This also comes under the automotive sector, so we can say that there are some benefits.
02:02Because, mainly to make transportation easier, this development has played a major key role.
02:08So, mainly in this budget, Andhra and Bihar, I feel that these two states have played a key role.
02:14Because, most of the amount has gone to these two states.
02:18So, let us know what you think in the comments.
02:21Mainly, as I said earlier, they have completely waived off the import duty taxes for 25 minerals.
02:28So, what are the benefits due to this?
02:30There will be no direct benefits, there will be indirect benefits.
02:34To tell that mainly, now the main key role in battery manufacturing is lithium and copper.
02:42And along with this, there will be some minerals.
02:44So, by importing these minerals, we can import them for free.
02:48There will be no tax on this.
02:50What we are presenting now is that we are directly importing batteries for these electric vehicles.
02:56That is, we are importing the battery itself.
02:59So, we are depending on other countries.
03:02But, if we use these minerals and manufacture the batteries locally,
03:07we can get the benefits directly.
03:12So, due to this, the battery manufacturing companies can also grow larger.
03:17We can get less unemployment.
03:19And, we can get a good job for the youth.
03:22Along with this, we can say that the prices of battery vehicles will mainly go down.
03:27I feel that these are indirect benefits.
03:30So, in the video I did yesterday, I did it with a lot of expectations.
03:34As I am an auto enthusiast, I had some expectations.
03:38So, if you are also an auto enthusiast, let me know your expectations in the comments below.
03:43And, if you missed anything in this video, let me know in the comments below.
03:46It will be helpful for me to relate it and make another video.
03:49So, let's meet in another video in this video special.
03:52Be sure to like and share this video.
03:54Subscribe to Telugu Drives Park.
03:56See you in the next video.
04:08Telugu Drives Park
04:10Telugu Drives Park
04:12Telugu Drives Park
04:14Telugu Drives Park
04:16Telugu Drives Park
04:18Telugu Drives Park
04:20Telugu Drives Park
Comments