With an effective provision of capital outlay of Rs 13.7 lakh crore, various brokerages believe that Budget 2023 will make a positive impact on the domestic automobile industry. Also in the Budget, customs duty exemption has been extended on the import of capital goods and machinery required for manufacturing lithium-ion cells for batteries used in EVs, which will further benefit battery stocks like Exide and Amara Raja. Here is a list of 10 auto stocks that can race ahead after Budget 2023:
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