In an announcement that could soothe nerves in the stressed auto sector, Road Transport Minister Nitin Gadkari on Thursday said a possible GST cut on vehicles — including hybrid ones — will soon be taken up with Finance Minister Nirmala Sitharaman.
Speaking at the 59th Annual Convention of the Society of Indian Automobile Manufacturers (SIAM), he said the Centre will support the auto sector, including in the form of export incentives.
Auto stocks gain
Further allaying the sector’s fears, he said the Centre does not have any plans to ban the sale of petrol and diesel vehicles. Automobile stocks jumped 7.8 percent on Thursday following Gadkari’s assurances to the auto sector.
هذه القصة مأخوذة من طبعة September 06, 2019 من The Hindu Business Line.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة September 06, 2019 من The Hindu Business Line.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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