NEW DELHI: JK Tyre Industries chairman Raghupati Singhania he said India’s automobile industry needs a series of boosts, including a speedy announcement of a vehicle scrapping policy, to rid the economy of a coronavirus epidemic that has intensified. Singhania said the recent decision to restrict imports of some pneumatic tires was a step in the right direction to boost domestic manufacturing. But he added that more measures were needed to speed up the process. In an email interview with The Economic Times, company Managing Director Singhania also said, “Effective utilization of demand curbs will largely depend on the implementation of the much-needed retirement policy.” “Reducing the temporary GST on the automobile sector to 18% starting from the current 28% may also help increase demand.” In terms of all categories, auto sales declined the most in the last quarter, down 75% YoY. Production and sales were severely impacted by the COVID-19 pandemic and emb...