Maruti voices concern over delay in GST rollout

Tribune News Service

New Delhi, September 4

Country’s largest car-maker Maruti Suzuki India Ltd (MSIL) today expressed disappointment at the delay in the rollout of the much-awaited GST in the country and said the political establishment must keep the national interest in mind.

Even as the home grown car maker, in which Japan’s Suzuki Motor Corp (SMC) has a majority stake, said with regulatory norms in place, it would soon take the vote on allowing the parent company to own and invest in the Gujarat plant, there were concerns raised over the delay in GST rollout with the suggestion of a must “re-look at measures”.

Addressing the company’s shareholders’ AGM here, MSIL chairman RC Bhargava said, “I am sure people at large, who are concerned about the economy, will be disappointed that due to purely political reasons, with no clear economic considerations being apparent, the GST has not been approved”.

“I think that is very disappointing and as industry we believe that the entire political establishment must relook at measures, which are clearly in national interest,” Bhargava said.

The GST Constitution Amendment Bill could not be passed in the last session of Parliament due to the uproar in both the Houses. 

Bhargava said with the regulatory norms in place, the company will soon take shareholders’ vote for a new manufacturing plant in Gujarat.