ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Indian automakers call for tax cuts as sales slump continues

Passenger vehicle sales drop more than 30% last month

MUMBAI (NewsRise) -- India's automobile industry has raised the pitch for an immediate tax cut to help spur demand after a slump in sales in August at Maruti Suzuki and Tata Motors.

The Society of Indian Automobile Manufacturers, or SIAM, on Monday urged the government to consider reducing the Goods and Services Tax rate on vehicles to 18% from 28% as the industry reels under a prolonged slowdown.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more