Maharashtra CM Devendra Fadnavis introduced on Wednesday that the state has scrapped the proposed 6% tax on EVs priced above Rs 30 lakh.
The tax, a part of the 2025-26 price range, confronted backlash from carmakers and others, who argued it could harm EV adoption and air pollution management efforts.
Shiv Sena (UBT) chief Anil Parab opposed it, saying it went in opposition to Maharashtra’s push for cleaner automobiles.
Fadnavis agreed, stating the tax wouldn’t generate a lot income and will discourage EV adoption.
Different price range adjustments, like a 1% tax hike on CNG and LPG automobiles and a 7% tax on building and lightweight items automobiles, will take impact from 1st April 2025.
Maharashtra is rising as an EV hub, with new factories, rising EV registrations, expanded charging networks, and a couple of,500 electrical buses set to affix public transport.
Curious About EV Shares? Ask the Analyst.
Prepared to take a position like a professional? Unicorn Indicators app equips you with 100+ Free instruments and information it’s essential succeed. Obtain the Unicorn Indicators app and acquire entry to every day inventory lists and insightful market evaluation and way more!
