Showing posts with label Electric Cars. Show all posts
Showing posts with label Electric Cars. Show all posts

Maruti eyes opportunities in electric vehicles



Indicating a shift in stance, the country's biggest car maker, Maruti Suzuki, says it will not hold back investments in electric vehicles (EVs).

It says it will start work on these as soon as consumer preference for EVs is visible.

EVs, it has been decided, are to attract a low Goods and Services Tax (GST) of 12 per cent, compared to a minimum of 29 per cent on small petrol cars and a GST (and cess) of 43 per cent for hybrid cars