Maruti hybrid cars

Maruti, Toyota may have a reason to worry: 48% GST on hybrid cars, 5% on EVs to continue

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Maruti, Toyota may have a reason to worry: 48% GST on hybrid cars, 5% on EVs to continue

In what can be disheartening for auto companies such as Maruti Suzuki, Toyota and Honda, G20 Sherpa Amitabh Kant announced on Tuesday that the government will maintain a large duty differential between electric vehicles and hybrids to promote zero-emission technologies and green mobility in India. Speaking at an event organised by Mercedes-Benz Research and Development … Read more

UP hybrid car tax sops: Hyundai, Tata doesn’t want UP to give a major tax advantage to Maruti, Toyota

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UP hybrid car tax sops: Hyundai, Tata doesn’t want UP to give a major tax advantage to Maruti, Toyota

Hyundai, Kia Motors, Tata and Mahindra are lobbying India’s most populous state not to offer incentives for hybrid cars, saying the move – set to help rivals Toyota and Maruti Suzuki – would hit targets on adopting electric cars and investment plans. Four separate company letters to Uttar Pradesh, seen by Reuters, highlight the rivalry … Read more