Business News
Home > Business News
Infra spending push to revive auto sales: Govt
TIWN
TIWN

PHOTO : TIWN
New Delhi, Sep 5 (TIWN) The central government could award major road projects and take a call on the vehicle scrappage policy to arrest auto sales downturn, Union Minister Nitin Gadkari said here on Thursday.
These projects would generate demand for automobiles, like trucks, he said and added the government had no plans to ban petrol and diesel vehicles. Gadkari said an old vehicle scrappage policy was under consideration. At present, the sector suffers from a sales downturn due to factors, like high GST , farm distress, stagnant wages and liquidity constraints.
Add your Comment
Comments (0)
More Business News
- India’s industrial growth at 3.5 pc in July signals healthy recovery: Economists
- AI to unlock $500 billion opportunity for India’s tech services: Report
- India’s credit rating upgrade to boost investors’ confidence, drive foreign capital inflows
- Centre to update WPI, IIP; announces launch of new Producer Price Index
- S&P Rating's growth projection for India is no surprise: SBI Research