Carmakers suggest steps to reboot auto industry post lockdown in India
Minister of Heavy Industries and Public Enterprise Prakash Javadekar on Thursday held a meeting with the auto industry leaders where they suggested ways to restart the industry after the Covid-19 lockdown gets over.
"All the auto industry captains were present in a meeting via video conferencing. The auto sector is a mass employer and contributes the maximum GST amongst all sectors. This industry has a significant contribution to the GDP of the country. Last year, the industry suffered because of a planned migration from BS 4 to BS 6 compliant vehicles. This was one change which made the customers postpone their purchases," Javadekar told media persons after the meeting.
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"Overall, there were many discussions and demands of GST cuts, employment support, retail chain support, supplier support, liquidity support. The captains of the auto industry also suggested a few important steps for battling the Covid-19 challenge like batch testing of employees before joining, social distancing, etc," he added.
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Javadekar further said that the captains of the industry also praised the way the government under Prime Minister Narendra Modi has dealt with the challenge of Covid-19.
The representatives of the auto industry who attended the meeting were Rajan Wadhera, President of SIAM and President, Automotive Sector, Mahindra & Mahindra Ltd, Kenichi Ayukawa, Vice President, SIAM and MD & CEO, Maruti Suzuki India Ltd, RC Bhargava, Chairman, Maruti Suzuki India Ltd, Pawan Goenka, Former President, SIAM and MD, Mahindra & Mahindra Ltd, Pawan Munjal, Chairman and MD, Hero MotoCorp Ltd and Shailesh Chandra, President, Passenger Vehicle Business Unit, Tata Motors Ltd among others.
