rajan wadehera president siam further added that the auto sector will contribute to build india as 5 trillion economy new delhi with ongoing slowdown and the upcoming transition to bsvi norms the apex body of auto industry society of indian automobile manufacturers siam has recommended the government to bring down goods and services tax on automobiles and ensure availability of bsvi fuel across the country by february on the 59th annual siam convention rajan wadhera president siam said with the implementation of bsvi the price of vehicle will increase and hence gst contribution will increase we request the government to reduce gst currently the industry contributes 15 per cent to the total gst collection advt also the industry is looking forward for available bsvi fuel by february so that automaker s can manufacture and sell bsvi vehicle much before the deadline he added for smooth transition in business and consultation auto industry seeks one single nodal agency and body to resolve issue on auto sector policies rajan wadehera president siam further added that the auto sector will contribute to build india as 5 trillion economybut to achieve 5 trillion economy we have to grow 14 cagr for which a lot of industry support is required and growing the economy he addedon the request of the siam gadkari ensured the industry that it will recommend the finance ministry to reduce gst on fuel by deepanshu taumar etauto published on sep 5 2019 at 1109 am ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etauto app get realtime updates save your favourite articles scan to download app gst cut on vehicles siam rajan wadhera auto sector policies bsvi fuel homenewsindustryneed gst cut and one nodal ministry for the industry siam