Fall of Automobile Industry
Abstract
The slowdown in auto industry shows how urgent there is a need for revival package from the Government of India. The industry also started from their side to promote their sales. The current slowdown in the auto industry poses a great threat to financial arithmetic of the government and there is a need for a short term measure like the GST cut or a cess removal to catalyse consumption. Industry also expects that government must re-look at the registration fees which have gone up very substantially and a rollback of the increases in road tax mandated by state governments.