New Delhi: Mr Rajan Wadhera, President, SIAM has reiterated the request of the Auto Industry for an immediate reduction in the GST rate to 18%.
Need for an immediate reduction in GST rates has been agreed unanimously amongst all members of the Automobile Manufacturers including the two wheeler OEMs. This was also reiterated at a recent meeting with the Finance Minister where all OEMs representing passenger vehicles, commercial vehicles and two wheelers had actively participated. Mr Pawan Munjal, Chairman of Hero MotoCorp the largest manufacturer of two wheelers in India, had emphasised on this point on immediate GST reduction at this meeting with the Finance Minister.
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