Pivot or Perish: Auto industry calls for GST cut and incentives to revive growth

NEW DELHI/MUMBAI  : Top executives of India’s leading automobile firms urged the government to undertake a slew of measures, including a cut in the goods and services tax (GST) on vehicles and an incentive-based vehicle scrappage policy to aid demand recovery against the backdrop of the covid-19 pandemic. “Demand in India is constrained by affordability and the main reason is taxation from ou…