Union Budget 2023 will have positive impact on auto sector: SIAM

Vinod Aggarwal, President, SIAM and MD & CEO, VECV, said, "33% increase in capital outlay with an effective provision of Rs 13.7 lakh crores will spur growth in the economy resulting in positive impact on the auto sector.

Auto industry

The Society of Indian Automobile Manufacturers (SIAM) on Wednesday hailed the Union Budget 2023 as growth oriented which will have a positive impact on the auto sector.

Vinod Aggarwal, President, SIAM and MD & CEO, VECV, said, "33% increase in capital outlay with an effective provision of Rs 13.7 lakh crores will spur growth in the economy resulting in positive impact on the auto sector.