Revamping GST: JSW MG Motor India CEO Calls for Policy Overhaul

JSW MG Motor India CEO Emeritus Rajeev Chaba highlights the need to update India's GST rate structure for passenger vehicles. He urges the government to consider factors like vehicular emissions, sustainable supply chains, and total cost of ownership. Chaba proposes tax incentives for strong plug-in hybrids and outlines his company's upcoming product launches.

The current GST rate structure for passenger vehicles in India is outdated and needs revamping to reflect new developments in the auto industry, according to JSW MG Motor India CEO Emeritus Rajeev Chaba.

Chaba stated the government should consider vehicular emissions, reduction of the import bill, sustainable local supply chains, and total cost of ownership when formulating auto sector policies. He also recommended tax incentives specifically for strong plug-in hybrids capable of running independently as battery electric vehicles.

Highlighting the outdated criteria for GST, currently based on car size and engine capacity, Chaba called for a shift towards policies aligning with the country's environmental priorities. He announced that JSW MG Motor India plans to launch five new products within the next year, including a crossover SUV, expecting industry growth between 7-8 per cent.

(With inputs from agencies.)