Motown Sentimeter: Will urge FM to cut GST rate, says Union Minister Nitin Gadkari
The who's who of the auto industry came together for the Annual Convention of the society for Indian automobile manufacturers (SIAM). Speaking at the event Union Minister for Road Transport and Highways Nitin Gadkari assured the industry that he would request the finance minister for a goods and services tax (GST) cut on automobiles. He also added that the government is looking to announce infrastructure projects worth Rs 5 lakh crore and that should boost demand for commercial vehicles. Rajan Wadhera, president of SIAM, Shashank Srivastava, ED, Maruti Suzuki, CV Raman, Senior Exec Director (Engineering) of Maruti Suzuki, Venu Srinivasan, Chairman of TVS Motor Company, Pawan Goenka, MD of Mahindra and Mahindra (M&M) and Anuj Kathuria, COO of Ashok Leyland shared their views and outlook for their respective companies as well as for the sector going forward.