Nothing much in stimulus to make consumers happy, say carmakers

Auto sales in India have been falling for nine straight months

Despite the measures announced by the finance minister to boost the automobile sector, carmakers have said the sector would only see some revival in sentiments, that too, at the industry level and not at the consumer level. 

A spokesperson at two-wheeler market leader, Hero MotoCorp, said the measures would improve liquidity, increase ease of lending and the transmission of rate reduction, but there is an urgent need to reduce GST on two-wheelers to 18 per cent from 28 per cent. “Two-wheelers are neither luxury nor ‘sin’ goods. Reducing GST to 18 per cent will help boost demand immediately, leading to