#Ep 5: The Consistent Compounders Show :Stay tuned to catch Saurabh Mukherjea in conversation with Sohini Andani, Fund Manager, SBI Mutual Fund.
you are here: HomeNewsBusiness

Don't think government will cut GST rate on automobiles: TVS Motor Chairman Venu Srinivasan

Venu Srinivasan believes that the corporate tax rate cut could boost the economy.

September 24, 2019 / 11:00 PM IST
Representative Image

Representative Image

 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

TVS Motor Chairman Venu Srinivasan said on September 24 that although the auto industry is under pressure to clear inventory, the government may not cut goods and services tax (GST) on automobiles as it would impact its finances.

Srinivasan said that there was disappointment when the government did not make any provisions for an economic stimulus in the last Budget. When asked about the cut in corporate tax, he said that the company may pass on some benefits to customers, and that he believed the corporate tax rate cut would provide a boost to the economy.

When asked about how long it would take for the auto sector to revive, he said, "It could be 3-6 months for growth and demand to come back."

Watch the video for the complete interview.
CNBC-TV18
first published: Sep 24, 2019 10:57 pm

stay updated

Get Daily News on your Browser
Sections