The Indian automotive business has crossed Rs 20 lakh crore mark in FY24 and now contributes per cent of the total GST collected in the nation, SIAM President Vinod Aggarwal stated on Monday. The auto sector also contributes considerably to the direct and oblique employment generation in the country, he mentioned whereas speaking at the 64th annual ACMA session here. The U.S. National Highway Traffic Safety Administration has proposed a new rule requiring future autos to be redesigned to reduce pedestrian accidents in crashes.
An industry veteran says the UK needs to comply with the US and EU in helping …