Toyota pushes for lower GST on hybrid cars
Toyota Kirloskar Motor (TKM) is lobbying for a merit-based taxation on technologies such as hybrids.
Tag: gst on hybrid car
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.
Nitin Gadkari vows to eliminate petrol, diesel vehicles in India soon: ‘Not impossible’
Union Minister for Road Transport and Highways Nitin Gadkari has said that it is ‘one hundred per cent’ possible for the country to get rid of petrol and diesel cars altogether to make India a green economy.
Transport Minister Gadkari proposes cutting GST on hybrid cars to 12%: Report
Minister of Road Transport and Highways Nitin Gadkari has urged the finance minister to reduce the goods and service tax on hybrid vehicles to 12 percent, as per media reports. Recently there have been reports that the government is considering…