The minister acknowledged that the automobile sector was going through a slowdown and assured that he will take up its request of reducing GST on petrol and diesel vehicles with the finance minister.
Minister of Road Transport and Highways Nitin Gadkari on Thursday assured the automobile industry of all possible support from the government, including taking up the demand of GST rate reduction with finance minister Nirmala Sitharaman.
Speaking at an event organised by the Society of Indian Automobile Manufacturers (SIAM), Gadkari acknowledged that the automobile sector was going through a slowdown and assured that he will take up its request of reducing GST on petrol and diesel vehicles with the finance minister.
"It is your demand that there should be a reduction in tax of petrol and diesel vehicles. Your suggestions are good. I will take your message to the finance minister," Gadkari said at annual SIAM conclave here.
"Even if it (GST) is reduced for some time, it will help," he said.
Reiterating that the government would help the industry, he said his ministry would give out 68 road projects worth up to Rs 5 lakh crore in the next three months to help generate demand for commercial vehicles.
The minister said that the way GST on electric vehicles has been reduced to 5% from 12%, he would propose to the finance ministry to extend the same benefit to hybrid vehicles.
"We have reduced GST on electric vehicles. Now I am trying that GST on hybrid vehicles is also reduced. I am following up regarding this with the finance minister," Gadkari said.
He said that the government has no intention to ban petrol and diesel vehicles. "There have been talks that the government is planning to ban petrol and diesel vehicles. I want to make it clear that the government has no such plan. We are not going to do anything like that." he said.
He also said that he would take up a discussion with the finance minister for extending possible export incentives on automobile makers.
Clearing the road
|
| The road ministry ministry would give out 68 road projects worth up to Rs 5 lakh crore in the next three months to help generate demand for commercial vehicles |
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
 "Nitin Gadkari")
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
)
){kind=small}
){kind=small}
)
)
)
)
)
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}