Maharashtra Govt Scraps 6% Tax On EVs Above INR 30 Lakh

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SUMMARY

Citing his rationale, Fadnavis said that the move will likely not generate “enough revenue” and undermine the government’s push for EVs

CM Fadnavis also asserted that the state was emerging as the “national capital” of EVs on the back of upcoming manufacturing units in Pune and Chhatrapati Sambhajinagar

Earlier this month, FM Ajit Pawar, while introducing the tax in Budget 2025-26, said that the levy would help the state generate an additional INR 170 Cr annually

The Maharashtra government has reportedly…



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Maharashtra Govt Scraps 6% Tax On EVs Above INR 30 Lakh


SUMMARY

Citing his rationale, Fadnavis said that the move will likely not generate “enough revenue” and undermine the government’s push for EVs

CM Fadnavis also asserted that the state was emerging as the “national capital” of EVs on the back of upcoming manufacturing units in Pune and Chhatrapati Sambhajinagar

Earlier this month, FM Ajit Pawar, while introducing the tax in Budget 2025-26, said that the levy would help the state generate an additional INR 170 Cr annually

The Maharashtra government has reportedly…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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