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GST ON PHEVS
JSW MG seeks PHEV tax incentives, targets 70% localisation by 2027JSW MG Motor India is pushing for lower taxes on plug-in hybrid electric vehicles. The company targets 70% localization for its Windsor and...- Green GST tax may help buyers shift towards greener cars, says Vikram Pawah, president of BMW Group IndiaVikram Pawah, president of BMW Group India, suggests a 'green GST' linked to vehicle emissions to promote carbon neutrality. He believes a ...
- Maruti, Toyota may have a reason to worry: 48% GST on hybrid cars, 5% on EVs to continueThe Indian government will maintain a significant tax difference between electric vehicles and hybrids to promote zero-emission technologie...
- Indian market is an “exception”, growing steadily when demand for premium vehicles slowing down in developed countries: Jean-Philippe Parain, Senior Vice President, BMW GroupThe Indian market stood out for BMW as it continued to grow steadily, unlike several developed countries where premium vehicle demand has s...
- Hybrids likely to outrun EVs soon in market share battleSales of hybrid cars and SUVs are rising, challenging electric vehicles. HEVs offer better fuel efficiency. Japanese companies and emission...
- Bad news for hybrid car buyers, good for EV sector: GST Council may not give tax relief for hybrid cars in next meetingThe govt may not discuss tax concessions for hybrid cars in the next GST Council meeting, affecting companies like Maruti Suzuki and benefi...
- Suzuki making smaller hybrid cars for India with much better mileage: Maruti chairmanJapanese auto giant Suzuki is working on smaller hybrid cars that will offer much better mileage than the current cars, Maruti Suzuki Chair...
- Lithium battery demand to reach 250-500 GWh in India by FY33Battery demand of 250GW could be achieved with incentives of INR 1.8 tn over FY24-28 and an initial capex of USD 30-33 bn, says the report ...
- Audi to launch electric SUV e-Tron later in 2020"In terms of what has come in the Budget, I don't think it is going to impact our plans ... There is no doubt that we are going to move tow...
- Higher taxes, other levies hurting luxury car sales; govt must address in Budget: Audi India head"Luxury car sales are impacted by high GST rates, import duties and registration taxes, which is limiting the segment to a mere 1.2 per cen...
- Need a relook at tax on hybrid vehicles in India: ToyotaTKM currently sells its Camry hybrid priced at Rs 37.50 lakh (ex-showroom Delhi). It is assembled at the company's Bidadi plant in Karnatak...
- EV journey to begin with hybrid technology in India: HondaCurrently, not many auto companies in India are keen to introduce hybrid models under the GST regime.
- Now, hybrid vehicles too under FAME II incentives umbrellaUniform incentive of ₹10,000/kWh will be extended to all electric vehicles, including hybrids.
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