Contact Your Financial Adviser Money Making MC
9
February 2018
 |
| Auto (The Total Investment & Insurance Solutions) |
Minister
of Heavy Industries and Public Enterprises, Anant Geete, assured automakers
that the Government was working on a draft policy aimed at ironing out issues
faced by the sector. He mentioned that opinions of all industry participants
will be considered before drafting the policy.
The comment by Geete was in response to Society of Indian Automobile Manufacturers (SIAM) President Abhay Firodia’s concern that there was a lack of uniformity in taxation with respect to the automobile sector. Firodia also raised the concern that Indian automakers are being given only 4 years to shift to BS-VI. Firodia also asked the Government not to write off diesel engines post BS VI implementation. The Total Investment & Insurance Solutions
Geete stated that the draft of the new policy may be ready in the next two months. The Total Investment & Insurance Solutions
Geete was speaking at the sidelines of the ongoing Auto Expo 2018 in Greater Noida. He assured industry participants that the Government would fully co-operate with the industry in making the transition to BS-VI and adoption of EVs as smooth as possible. The Government has roped in a consultant for drafting the policyThe Total Investment & Insurance Solutions
The comment by Geete was in response to Society of Indian Automobile Manufacturers (SIAM) President Abhay Firodia’s concern that there was a lack of uniformity in taxation with respect to the automobile sector. Firodia also raised the concern that Indian automakers are being given only 4 years to shift to BS-VI. Firodia also asked the Government not to write off diesel engines post BS VI implementation. The Total Investment & Insurance Solutions
Geete stated that the draft of the new policy may be ready in the next two months. The Total Investment & Insurance Solutions
Geete was speaking at the sidelines of the ongoing Auto Expo 2018 in Greater Noida. He assured industry participants that the Government would fully co-operate with the industry in making the transition to BS-VI and adoption of EVs as smooth as possible. The Government has roped in a consultant for drafting the policyThe Total Investment & Insurance Solutions
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