GST Council may not give tax relief for hybrid cars in next meeting
The government may not discuss tax concessions for hybrid cars in the next GST Council meeting, according to ET Now. This is seen as a significant setback for companies like Maruti Suzuki, which is producing hybrid cars for India. However, it is viewed as a considerable boost for electric car manufacturers like Mahindra and Mahindra and Tata Motors because a tax cut for hybrid cars would have diverted many potential EV buyers towards hybrids.