Archive · 13 Sep 2025
Goyal Highlights GST Reforms' Positive Impact on Auto Sector
India is celebrating 10 years of 'Make in India'.
Minister Piyush Goyal spoke about how new tax changes, called GST reforms, are helping the car and farming industries.
He said that taxes on car parts have been lowered, making them cheaper.
Taxes on tractors are also lower.
Goyal said these changes are the biggest since India's independence, creating more jobs and growing the economy.
He wants businesses to make sure customers see these savings.
Piyush Goyal spoke at ACMA's 65th Annual Session.
Goyal discussed the positive effects of GST reforms.
GST rates for auto parts reduced from 28% to 18%.
Tractor GST reduced to 5%, supporting agriculture.
Goyal said reforms will boost job creation and demand.
- Who
- Piyush Goyal
- What
- Impact of GST reforms on the auto industry and agriculture
- When
- During ACMA's 65th Annual Session
- Where
- New Delhi
- Why
- To highlight the benefits of GST reforms
Government
Auto Industry
GST Impact
Government
GST reforms are a landmark relief and will boost job creation and demand.
Auto Industry
GST reforms will reduce costs, support job creation and improve growth.
- Speaker
- Piyush Goyal
- Event
- ACMA 65th Annual Session
- GST Reduction (Auto Parts)
- 28% to 18%
- GST Reduction (Tractors)
- 5%
- Initiative Celebrated
- 10 Years of 'Make in India'
Sources
ACMA convention: Next many decades belong to India, says Maruti MD & CEO
Auto component makers eye China thaw for growth
Agro Chem Federation seeks PLI scheme, tax holidays for agro chemicals sector
India can lead global automotive supply chains: Maruti MD & CEO
It’s India story for next few decades: Maruti Suzuki MD
GST reforms a landmark relief for auto industry: Piyush Goyal