New Delhi: The automobile industry is most affected by the ongoing recession in the country. The industry has also sought help from the government. Now the government has shown a positive attitude on this. The government has assured the industry of all possible help.
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Union Road and Transport Minister Nitin Gadkari said that his ministry will start 68 road projects worth Rs five lakh crore in the next three months to generate demand for commercial vehicles. Gadkari said at the annual symposium of SIAM here that it is the demand of the industry that taxes on petrol and diesel vehicles should be reduced. Your suggestions are good. I will convey your message to Finance Minister Nirmala Sitharaman.
Gadkari said that if this GST is also reduced for some time, it will help. The Minister said that I will put this matter before the Finance Minister. The vehicle sector needs help to increase sales. Gadkari said that as the GST on electric vehicles was reduced from 12 percent to five percent, the Finance Minister would be suggested to give this benefit on hybrid vehicles as well.
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He dismissed the speculation of a ban on petrol and diesel vehicles, saying such things were going on that the government would ban petrol and diesel vehicles. I want to clarify that the government has no such plan. We are not going to do anything like this. Gadkari said that like the sugar industry, he will discuss with the Finance Minister about the export promotion scheme for vehicle manufacturers.
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