New Delhi: Clarifying to the automobile sector on ICE vehicles, Nitin Gadkari, Road Transport and Highway Minister on Thursday reiterated government doesn’t plan any ban on petrol or diesel cars.
Gadkari said the automobile industry, which is worth Rs 4 lakh core, should move to adopting cleaner sources of fuel as pollution and oil imports of Rs 7 lakh core remain pressing issues for the country. However, this does not imply complete ban on existing petrol and diesel engine vehicles.
He promised to make recommendations to Finance Minister in order to reduce GST on ICE vehicle to boost the sector. “Considering the slump in the sector and expected increase in cost with implementation of BS-VI emission norms, I will give my recommendations to Finance Minister,” said Gadkari addressing the audience at SIAM conference here.
He further underlined that ministry is under discussions for GST reduction on hybrid. The government had already deducted GST on electric vehicles from 12 per cent to 5 per cent.
Gadkari also stressed on road development processes approved by government have given an impetus to construction equipment sector with 70-80 per cent growth.
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