Auto sector seeks revised GST on PVs

New Delhi: The current GST rate structure of passenger vehicles (PVs) in India is outdated and needs to be aligned with the new developments in the auto industry, according to JSW MG Motor India CEO Emeritus Rajeev Chaba.

The government should consider the overall perspective of vehicular emissions, reduction of import bill, sustainable local supply chain and total cost of ownership, while formulating policies on the auto sector, he added. Their’s speculation that hybrid vehicles could be considered for tax incentives ahead of the Union Budget.