Hybrid vehicles racing ahead in the auto battle over possible tax cuts
Premium
Those on the Maruti and Toyota side predict that cumulative passenger car sales in India will reach 42 million between FY23 and FY30, of which about 6 million will be electric cars, leaving a large number of the other ilk.
In the latest bitter battle in Motown, between electric vehicles (EVs) and hybrids, the latter appear to be thumbing their noses, with the government setting up a panel to investigate whether hybrid cars deserve policy support in the form of lower taxes. .
Lately, reports have been circulating at the top of policymaking, as a result of which the Ministry of Heavy Industry has formed an internal committee to investigate whether the strike on hybrid cars should be reduced.
Unofficially, officers confirmed the action.
It’s a move that will raise the hackles of EV makers
First print: February 5, 2024 | 11:50 PM IST