Road transport minister Nitin Gadkari caused a stir in the car industry by initially suggesting a 10% additional GST on diesel vehicles, which led to a drop in share prices for companies such as Mahindra & Mahindra and Tata Motors. However, Gadkari quickly retracted his statement, stating that there was no such proposal under consideration by the government.
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Nitin Gadkari withdraws his GST remark on diesel
Road transport minister Nitin Gadkari caused a stir in the car industry by initially suggesting a 10% additional GST on diesel vehicles, which led to a drop in share prices for companies such as Mahindra & Mahindra and Tata Motors. However, Gadkari quickly retracted his statement, stating that there was no such proposal under consideration by the government.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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