Automotive News
In our view, adapting to the latest technology is a should for automakers to find a way to compete and win consumers’ hearts while lowering manufacturing prices. Since the extended COVID-19 pandemic hit the automotive sector exhausting in 2020, the federal government rolled out Luxury Sales Tax incentives for automotive purchases in a bid to push the sector’s progress in 2021. The incentives are essential as a end result of varied taxes, such as the LST and Value Added Tax , account for round 30 % – forty p.c of car costs in the country.
This section of Torque News…