Budget Reaction from Toyota Kirloskar Motors, Views | Budget Reaction - Indian Union Budget 2022-23

Check out this amazing budget introduction from Toyota Kirloskar Motors! As you can tell, they're super happy about the government's long-term policy of focusing on growth, inclusiveness, promoting tech-enabled development, productivity enhacement and energy transition.

Here are the Union Budget views from Toyota Kirloskar Motors:

Attributed to TKM Spokesperson.​

At Toyota Kirloskar Motor, we welcome the forward looking budget that has clearly outlined Government’s long term objectives of focusing on growth, inclusiveness, promoting technology enabled development, productivity enhancement, energy transition & climate action. The budget has sought to achieve a fine balance between fiscal consolidation with the need for continued public spending for nurturing economic growth with clear emphasis of on sustainability and infrastructure development through public-private partnerships.

The continued focus on  “ease of doing business – 2.0” through trust based governance, integration of central and state level systems, enhanced infrastructure, roll out of 5-G telecom etc will help reduce transaction and logistics costs, thereby improving the competitiveness of Industry and businesses in India. These efforts will complement and be synergic with the production linked incentive (PLI) schemes already announced by the Government for fourteen sectors, including for the automotive sector.

With the Government’s push for green energy and clean mobility systems, India is on the path of limitless possibilities. As a sustainability-committed organisation, we believe that the Government’s push for clean mobility initiatives and blended fuels will play a significant role in achieving decarbonisation goals and reduce dependence on fossil fuels. One of the biggest challenges for the EV ecosystem has been battery charging stations. The proposed battery-swapping policy will help create standards of interoperability thereby making EVs more accessible and affordable.

The hon’ble PM’s Gati Shakti Initiative of expanding the National Highway network by 25,000 km will augur well for the auto sector. We hope the outlay for rural economy will improve the sentiments of people, thereby playing a catalyst for increase in vehicle demand.