Budget 2019: Cut GST temporarily to revive auto demand, says Pawan Goenka

The additional income tax deduction for electric vehicle (EV) buyers will incentivise purchase and spur demand

There was no big-bang expectation from the budget as the finance minister had very little fiscal headroom. I think the reforms for NBFCs and bank recapitalization will help in reduction of rates and create a demand pull. Even though the fiscal maneuverability is less, given that auto industry is a big contributor to tax and employment, a temporary GST cut will help. The industry does need an external stimulus to get back on the growth path.  

The additional income tax deduction for electric vehicle buyers will incentivize purchase and spur demand. However, it is not clear whether it is only applicable