Mercedes-Benz India| Budget reaction

 

I am reaching out on behalf of Mercedes-Benz. The Hon'ble Finance Minister, Smt. Nirmala Sitharaman, presented the Union Budget 2022-23 in the Parliament today. In this context, we wanted to share the reaction to the budget from Mercedes-Benz, a major voice in the Indian Luxury Auto Industry.

Sharing below the quote which is to be authored to Martin Schwenk, Managing Director & CEO, Mercedes-Benz India.

“This Budget is overall growth oriented with a clear focus on digitization, electrification, infrastructure development and ease of doing business; aiming to propel a long-term growth of the Indian economy. The battery-swapping announcement is in the right direction and will be helpful to a limited segment. We however need a broader holistic view on the strategy around developing electric mobility for the passenger vehicle segment. A mid-to long term planning for demand creation is needed and we hope the fine prints will have ripple effect and passively stimulate growth for the auto industry.”