Offering some solace to the crisis-hit auto industry, Road Transport and Highways Minister Nitin Gadkari on Thursday assured ‘full’ support from the government to help overcome the free fall in vehicle sales. He said the Centre was looking at steps, including export sops and GST incentives, to help create demand in the sector.
“As far as the present economic data is concerned, automobile sector is facing a slowdown because of the global economy... because of demand and supply. The government is with the automobile sector,” the Minister said at the 59th SIAM annual convention.
The Minister also clarified that the government did not intend to ban ICE (internal combustion engine) powered vehicles.
This story is from the September 06, 2019 edition of The Hindu.
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This story is from the September 06, 2019 edition of The Hindu.
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