UP tax waiver on hybrids to stay
Business Standard|August 12, 2024
In a meeting with automakers, state govt makes it clear it has no plans to rescind the waiver New Delhi/Lucknow, 11 August T The Uttar Pradesh government made it clear on Sunday that it had no plans to rescind the full waiver of registration fees on plug-in and strong hybrid cars, following an intense hour-long meeting with major Indian automakers.
DEEPAK PATEL & VIRENDRA SINGH RAWAT

According to government and industry sources who took part in the meeting, UP Chief Secretary Manoj Kumar Singh informed the companies that the incentives given to plug-in and strong hybrid cars were intended to replace internal combustion engine (ICE) vehicles, and not electric cars. "A hybrid car customer will be replacing an ICE car customer," he said, according to sources.

However, industry sources present at the meeting highlighted that the quantum of the incentive (in this case in the form of a registration tax waiver) may be different for hybrids and EVs. "A complete rollback of the registration tax waiver is unlikely, the quantum of waiver for hybrids and EVs may be different.

This clarity will emerge later," said a senior official of one of the original equipment manufacturers (OEMs) who attended the meeting.

この記事は Business Standard の August 12, 2024 版に掲載されています。

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この記事は Business Standard の August 12, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

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