Auto Auto sector needs stimulus; govt has to be prime contributor in scrappage incentive, says report Updated : May 28, 2020 03:40 PM IST The automobile industry is the cornerstone of manufacturing in India and there is an acute need to revive demand. There could not be a better time for a “scrappage scheme” now, driven by a reduction in GST on exchanged vehicles, says HSBC. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.