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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.
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