Auto Component Manufacturers Association Of India

Auto Component Manufacturers Association Of India News

Auto component industry fears loss of 10 lakh jobs due to prolonged slowdown; seeks reduction in GST rate
Business

Auto component industry fears loss of 10 lakh jobs due to prolonged slowdown; seeks reduction in GST rate

Auto Component Manufacturers Association of India (ACMA) on Wednesday sought a reduction in GST rate to a uniform level of 18 percent for the entire automobile industry to stimulate demand and help save around 10 lakh jobs, which are at risk due to the prolonged slowdown in vehicle sales