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Big govt push for auto and auto ancillaries needed in Budget 2020: VS Parthasarathy, M&M

VS Parthasarathy, Group CFO, M&M says electric vehicle infrastructure will push the auto revival. That is what 5 million connected people in this industry will be looking forward to.

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Last Updated: Jan 27, 2020, 02.00 PM IST
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VS Parthasarathy-M&M-1200
If we had to go into details and nitpick, what would you be looking for?
A lot of statements are made in the Budget about allocations. What everyone will look for this time is what are the milestones you can place on it. Can you put some milestones? Can you talk about detailing it out in one more or two more steps to say hey this will happen by June, this will happen by December, this will happen by next March? When we talk later, then we point out that we said that this will happen and this has happened or not happened.

So a road map?
Yes. This budget the devil is going to be in detail.

I know this one is top of mind for you, the one big idea that you have for this time.
Actually I have two or three but let me pick one. Let us make India the joy capital of the world. Tourism could be such a big puller for the next decade. This could be a big game changer. So how do we focus on that as a country and how does this Budget focus on it? It will be a very important one and we have been talking about it but let us make it happen, let us make it safe, let us make it joyful for people to come here.

This is again in line with the optimism with which you are looking at this Budget. What is the good news that we can anticipate?
The good news I want is to support the auto and auto ancillary industry in a big way. Electric vehicle infrastructure will push the auto revival. That is what 5 million connected people in this industry will be looking forward to.

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