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Up but not out of the woods: Pain points & what's on offer in Budget

There was a 7 per cent year-on-year decline in the January numbers reported by the country's largest manufacturer Tata Motors

automobile, COMMERCIAL vehicles, cvs, sales,auto sales, car, equipment, manufacturing, component, production, jobs, workers
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Commercial vehicle sales are seen to be a proxy for economic activity.

Business Standard
Pain points

Capacity utilisation is higher than it was before, but there has been a dip in the latest readings. Subdued demand may affect utilisation rates going forward as the world braces for a potential global recession. The domestic demand situation has also been challenging.

Commercial vehicle sales have faced headwinds.

There was a 7 per cent year-on-year decline in the January numbers reported by the country’s largest manufacturer Tata Motors. Commercial vehicle sales are seen to be a proxy for economic activity.


What’s on offer

Income tax relief offered to tax payers can put