NAIMA Urges Finance Minister for Policy Reforms in Automobile Sector
Summary
NAIMA urged the Finance Minister for policy reforms in the automobile sector, emphasizing financing accessibility, tax reduction, and incentives for electric and hybrid vehicles.
Key Points
- NAIMA demanded continuation of the hire-purchase arrangement allowing 80 percent financing and 20 percent down payment for vehicles.
- They called for a reduction in taxes and a simpler, transparent tax structure.
- NAIMA highlighted the need for clear policies supporting electric and hybrid vehicles.
- Finance Minister Swarnim Wagle acknowledged NAIMA's suggestions and emphasized ongoing dialogue with the ministry.
