suggestions provided by stakeholders to stabilise the tax and investment regime. This would help in consolidation of India’s position as a favourable destination for auto sector investment. However, one will have to wait and watch whether the finance minister takes the front seat to drive growth momentum of the automotive industry by unleashing some ‘out of box’ reforms.
The author is tax partner, automotive services, Ernst & Young. Views expressed are personal. Chetan Kakariya, senior tax professional, Ernst & Young, contributed to the article