The Centre is working on a new “foolproof” policy for the automobile sector to address issues raised by the industry, particularly related to tax rates.
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Centre is planning for new foolproof auto policy which will be industry and consumer friendly, as per the different representations coming to the centre.
The minister’s comments came after Abhay Firodia, President, Society of Indian Automobile Manufacturers (SIAM), highlighted the lack of uniform taxation. Pointing out that automakers had been given only 4 years to shift to BS-VI.
Acknowledging that the move to BSVI emission norms had been rushed, the minister said industry must be ready to accept the challenge of change and adopt new technologies.
“Everyone is concerned about the environment… and want eco-friendly products. For that we need to invest in technology… but at the same time we need to make products affordable for consumers. It’s a challenge that we will work on,” Minister said.
Government assured support to industries promising a gradual change.
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