Finance minister Nirmala Sitharaman presented her eighth consecutive Union Budget on Saturday. A key highlight of the budget is the exemption of income tax for earnings up to Rs 12 lakh, providing significant financial relief to millions of taxpayers.
Reacting to the Union Budget 2025, Venkatram Mamillapalle, Country CEO and MD, Renault India, said, "We welcome the transformative vision of Finance Minister Nirmala Sitharaman in the Union Budget 2025. The budget's focus on agriculture, MSME development, investment, and exports sets a promising path for India's growth."
"We commend the Dhan-Dhaanya Krishi Yojana, benefiting 1.7 crore farmers, and the revised tax structure exempting income up to Rs 12 lakh, which will boost consumer spending. This is expected to positively impact vehicle purchases, especially among the growing middle class,", he said.
"The National Manufacturing Mission strengthens 'Make in India' with robust policy support and execution roadmaps. By prioritising rural development, tax reforms, and clean-tech manufacturing, the budget lays a strong foundation for a greener, more prosperous future. Renault India is ready to engage and contribute to a sustainable India," he added.
