Auto industry fears collapse, Nitin Gadkari offers comfort at mega meet

With auto sales sliding for over 13 months now, industry captains went all out to demand a cut in goods and services tax as the only way to revive demand

This may be an odd time for the automobile industry to gather under a common roof to discuss a “new era”, but that exactly was the theme of the much awaited annual convention for the sector held in the capital on Thursday. 

Around 1,300 delegates from vehicle, engine and component manufacturing companies were in attendance at the 59th Annual Convention of Society of Indian Automobile Manufacturers (SIAM) —Moving into a new era of auto industry.

With auto sales sliding for over 13 months now, industry captains went all out to demand a cut in goods and services tax (GST) as the only