auto component industry, which accounts for around 2.3% of the country's GDP, is looking for government support in terms of tax rationalisation as it aims to tide over the challenging business environment, industry body ACMA said on Wednesday.The industry, which provides employment to over 50 lakh people in the country, is seeking GST reduction on auto components as well as vehicles in order to revive the overall automobile industry.The industry body continues to support the vehicle industry in their request to the government for enhancing vehicle demand in the country through reduction in GST on all vehicle categories to 18% and introduction of an incentive-based scrappage policy, ACMA President Deepak Jain told reporters."For the.