Latest Automobile News-10% reduction in GST and an increase in working capital by September may give relief to the auto sector. Auto Sector- Demand to allow the sale and registration of an already built BS-4 vehicle
⇛Orders of 15,000 hectares of MG motor are pending. Booking of two thousand ZS EV models is pending. Sales in the auto sector may fall by 25 percent during FY 2020-21
⇛In the recent Automobile News, The country's largest car export company, Maruti Suzuki, said that the situation in India's domestic market is worse. The company did not sell a single car last month, The company has stopped production due to government instructions, but after the opening of the ports, the company has exported 632 cars.
These measures of realization can bring back the glow of the Auto sector.
⇰Reduction in 10% patrol rates on vehicles and components⇰Give a small subsidy salary or contract labor allowance for three months
⇰Propose to emphasize BS-6 emissions for at least one quarter
⇰Demand for vehicles should come again in the market, so declare new scrap policy
⇰Road tax and registration charges should be reduced by 50%.
⇰All stopped payments of central and state government vehicle manufacturers and contractors should be made immediately.
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