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Industry Business: Stimulus, Tax Fit Out Required To Rev-Up Motorcar Sector

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Rakesh Sahoo
Industry Business: Stimulus, Tax Fit Out Required To Rev-Up Motorcar Sector

A Stimulant For The Business Is Needed At This Point To Support The Business

The recommendations for the budget 2019-20 comes as sales of volume driven traveler two-wheelers and cars still decline.

Evidently, off-take knowledge for could paints a grim image with domestic traveler cars' sales down 26.03 % to 147,546 units.

Notably, the crucial producing sector has been bent via consumption lag, particularly within the rural areas together with finance price.

Industry Business Body Society of Indian Automobile makers -- have counseled a discount in GST charge per unit from 28 to 18 %.

Besides, the business body has demanded a discount on company charge per unit for all corporations from 25%.

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Rakesh Sahoo
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