Reducing taxes on automobiles can boost sector, benefit economy: Vikram Kirloskar

​Although at the moment India cannot afford to slash the tax rate on automobiles drastically, he said a plan to reduce cess on the industry can be looked at considering the sector's contribution to the overall GDP of the country. Kirloskar stressed that such a step to reduce the taxes gradually would also benefit the country in terms of employment and boosting economic growth.

from Auto-Industry-Economic Times https://ift.tt/sy25jJE