Transport Tax

Karnataka plans to cut levies and offer financial incentives to companies in the clean mobility sector, including a steep tax cut for hybrid cars. The move could make the state, home to the tech hub of Bengaluru, the second after northern Uttar Pradesh to provide tax breaks to hybrid cars, for which Toyota has lobbied New Delhi.

Uttar Pradesh waives road tax on hybrid cars to promote eco-friendly transportation, benefiting models like the Maruti Suzuki Grand Vitara and more.

In a warning to Indian carmakers, Union Transport Minister Nitin Gadkari today said that the government will have no option but to increase tax on diesel vehicles and make their sales "difficult" if manufacturers do not limit their production.

India is working on a new electric vehicle policy that would slash import taxes for automakers that commit to some local manufacturing, following a proposal by Tesla which is considering entering the domestic market, people with direct knowledge said.

The wreckage of the Pepsu Roadways Transport Corporation (PRTC) bus was found 300 meters down from the green tax barrier of the Allo (potato) ground in the middle of the Beas river in Manali on Saturday.

Tesla beat analyst expectations in the second quarter, delivering 4,66,140 vehicles despite a difficult market. The nearly half million deliveries represent an 83 percent increase over the same period last year and a 10 percent rise from the previous quarter.

The State Transport Minister said that for scrapping 15 years old vehicles the state government would provide a 50 per cent rebate in taxes.

Ola Electric on Saturday said it would invest $920 million (roughly Rs. XXX crore) in Tamil Nadu to manufacture electric cars and EV batteries. The investments, to be made through its subsidiaries Ola Electric Technologies and Ola Cell Technologies, will help the company make 140,000 cars annually and hire 3,111 workers in the state, according to O...

FedEx Express' Senior Vice-President Middle East Indian Subcontinent and Africa (MEISA) Operations Kami Viswanathan in a statement said, "We recommend the implementation of zero rating of Goods and Services Tax for all international transportation services.

Hyundai on Tuesday will break ground on a new $5.5 billion (roughly Rs. 45,500 crore) electric vehicle (EV) and battery plant in the US, ahead of the company's plans to begin commercial production in the first half of 2025 in the massive plant in Bryan county, west of Savannah. The event comes at a time when South Korea and the European Union are a...

European Union officials are expected to reach an agreement with their US counterparts as the bloc aims to get the same status as US car makers for EV manufacturers in the EU. The US Inflation Reduction Act offers government tax breaks or subsidies for purchases of electric cars but makes such support conditional on the car, or parts of it, being m...

Stuttgart-based Mercedes-Benz will launch three new EV luxury cars in India in 2022, according to a report. The company also wants to build a network of fast-charging stations across the country. It could benefit from the absence of Tesla in the country, and plans to start assembling cars locally to keep the prices low.

The US Inflation Reduction Act (IRA) is set to be signed into law by US President Joe Biden today. The law that is designed to increase green investment, comes at a price. It extends and expands the existing electric vehicle (EV) subsidy of up to $7,500 (roughly Rs. 5,94,800) but conditions the tax credit on the sourcing of the mineral content of...

US automakers and dealers are still trying to figure out if the $430 billion (roughly Rs. 34,23,000 crore) climate, health care and tax bill that the US House of Representatives is set to vote on Friday will continue to let them offer $7,500 (roughly Rs. 5,97,000) tax credits to would-be buyers of electric vehicles (EVs).

The European Union has been concerned by US moves to give tax credits to Americans for buying electric vehicles from a North American factory that installs US-made electric batteries. The EU has called this move “discriminatory” against European carmakers. The US Senate passed the said bill on Sunday.

Karnataka plans to cut levies and offer financial incentives to companies in the clean mobility sector, including a steep tax cut for hybrid cars. The move could make the state, home to the tech hub of Bengaluru, the second after northern Uttar Pradesh to provide tax breaks to hybrid cars, for which Toyota has lobbied New Delhi.

Uttar Pradesh waives road tax on hybrid cars to promote eco-friendly transportation, benefiting models like the Maruti Suzuki Grand Vitara and more.

In a warning to Indian carmakers, Union Transport Minister Nitin Gadkari today said that the government will have no option but to increase tax on diesel vehicles and make their sales "difficult" if manufacturers do not limit their production.

India is working on a new electric vehicle policy that would slash import taxes for automakers that commit to some local manufacturing, following a proposal by Tesla which is considering entering the domestic market, people with direct knowledge said.

The wreckage of the Pepsu Roadways Transport Corporation (PRTC) bus was found 300 meters down from the green tax barrier of the Allo (potato) ground in the middle of the Beas river in Manali on Saturday.

Tesla beat analyst expectations in the second quarter, delivering 4,66,140 vehicles despite a difficult market. The nearly half million deliveries represent an 83 percent increase over the same period last year and a 10 percent rise from the previous quarter.

The State Transport Minister said that for scrapping 15 years old vehicles the state government would provide a 50 per cent rebate in taxes.

Ola Electric on Saturday said it would invest $920 million (roughly Rs. XXX crore) in Tamil Nadu to manufacture electric cars and EV batteries. The investments, to be made through its subsidiaries Ola Electric Technologies and Ola Cell Technologies, will help the company make 140,000 cars annually and hire 3,111 workers in the state, according to O...

FedEx Express' Senior Vice-President Middle East Indian Subcontinent and Africa (MEISA) Operations Kami Viswanathan in a statement said, "We recommend the implementation of zero rating of Goods and Services Tax for all international transportation services.

Hyundai on Tuesday will break ground on a new $5.5 billion (roughly Rs. 45,500 crore) electric vehicle (EV) and battery plant in the US, ahead of the company's plans to begin commercial production in the first half of 2025 in the massive plant in Bryan county, west of Savannah. The event comes at a time when South Korea and the European Union are a...

European Union officials are expected to reach an agreement with their US counterparts as the bloc aims to get the same status as US car makers for EV manufacturers in the EU. The US Inflation Reduction Act offers government tax breaks or subsidies for purchases of electric cars but makes such support conditional on the car, or parts of it, being m...

Stuttgart-based Mercedes-Benz will launch three new EV luxury cars in India in 2022, according to a report. The company also wants to build a network of fast-charging stations across the country. It could benefit from the absence of Tesla in the country, and plans to start assembling cars locally to keep the prices low.

The US Inflation Reduction Act (IRA) is set to be signed into law by US President Joe Biden today. The law that is designed to increase green investment, comes at a price. It extends and expands the existing electric vehicle (EV) subsidy of up to $7,500 (roughly Rs. 5,94,800) but conditions the tax credit on the sourcing of the mineral content of...

US automakers and dealers are still trying to figure out if the $430 billion (roughly Rs. 34,23,000 crore) climate, health care and tax bill that the US House of Representatives is set to vote on Friday will continue to let them offer $7,500 (roughly Rs. 5,97,000) tax credits to would-be buyers of electric vehicles (EVs).

The European Union has been concerned by US moves to give tax credits to Americans for buying electric vehicles from a North American factory that installs US-made electric batteries. The EU has called this move “discriminatory” against European carmakers. The US Senate passed the said bill on Sunday.