New Delhi, Sept. 11 -- The Ministry of Heavy Industries (MHI) has issued a fact sheet on 'GST Reforms in Automobiles - Cheaper Cars, More Accessibility', detailing how the Centre's GST rate rationalisation will allow India's auto sector to compete in a globally competitive ecosystem.

The fact sheet, issued on September 11, said the GST rate rationalisation for automobiles is part of the Centre's broader vision - including Make in India and the product linked incentive (PLI) scheme - to create jobs, empower MSMEs, increase export competitiveness and provide cleaner mobility solutions.

Union Finance Minister Nirmala Sitharaman on September 3 said that the GST Council has approved the Centre's proposal to rationalise GST structure in India...