Auto industry seeks bold fiscal measures in the Budget to revive growth - Business News: Latest Share Market , Economy & Finance News | Trendmergers

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Auto industry seeks bold fiscal measures in the Budget to revive growth

In the upcoming Union Budget, the auto industry has sought measures, such as reduction in GST rates on vehicles and abolition of duty on import of lithium-ion battery cells, to encourage electric mobility. The industry, which has been facing a downturn for almost a year now, has also sought an incentive-based scrappage policy and an increase in re-registration charges of vehicles to discourage use of old vehicles.

from Auto-Industry-Economic Times
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