Budget 2021: Many positives for mfg sector and CVs, says Ashok Leyland MD

Lauds road infra thrust, scrappage policy among other announcements

The Finance Minister has unveiled a well-thought-out budget anchored by six key pillars. This could set out a virtuous cycle for growth and job creation, propped up by a a thrust on public investment in infrastructure and health. The key will be in effective implementation, according to Vipin Sondhi, MD & CEO, Ashok Leyland.

"The Union Budget 2021 has several positive signals for the manufacturing sector and Commercial Vehicles (CV), which are core to the economy," said Sondhi, while mentioning four specific areas that he feels could provide the much needed demand impetus to the CV sector. 

The first of these is