Back to Career News

GST Rates Revision May Revive Dying Auto Industry, Says Hyundai CEO

August 22, 2019

GST Rates Revision May Revive Dying Auto Industry, Says Hyundai CEO

Hyundai Motor India CEO and MD S S Kim said that in light of the various factors that have led to a slump in automobile sales in the country, the government needs to intervene and slash GST rates to bring back growth in the sector.

Kim said that if the government steps up even at this stage, then growth can be brought back to the automobile sector within a year.

Image Source

Recommended for you ...

Report: Growing Consumer Awareness Driving Changes in Insurance Industry
Report: Growing Consumer Awareness Driving Changes in Insurance Industry

April 18, 2024

RBI Introduces Draft Guidelines for Payment Aggregators to Enhance Regulations
RBI Introduces Draft Guidelines for Payment Aggregators to Enhance Regulations

April 18, 2024

Indian Banks Shine Among Top Performers in Asia-Pacific
Indian Banks Shine Among Top Performers in Asia-Pacific

April 18, 2024

Chat on WhatsApp