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Maharashtra Scraps Six Percent EV Tax Plan to Boost Adoption
Maharashtra has dropped a 6 percent sales tax proposal on EVs priced above $35,000 (roughly Rs. 30 lakh) to boost adoption in India, where EV sales remain low at 2 percent of four million cars sold last year. Chief Minister Devendra Fadnavis cited unnecessary disincentivisation, while the federal goal aims for 30 percent EV adoption by 2030.
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Tesla Said to Have Finalised Mumbai’s BKC for Its First Showroom Ahead of India EV Market Entry
Elon Musk’s Tesla has finalised the location for its first showroom in India, according to a report. It is said to have leased a space in Mumbai’s Bandra Kurla Complex, also known as BKC ahead of the company’s anticipated foray into India’s electric vehicle (EV) space. For years, the EV maker faced hurdles related to localised factory inves...
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Ferrari, Porsche Amid 30 High-End Cars Seized In Bengaluru For Tax Evasion
The Transport Department has been working towards tax compliance among luxury vehicle owners in Bengaluru.
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Union Budget 2025: What Budget May Bring For Individuals? An Expert View
The Union Budget 2025, set to be presented by Finance Minister Nirmala Sitharaman on February 1, 2025, is highly anticipated by individual taxpayers, who are hoping for tax reforms that will increase their disposable income and stimulate economic gro
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GST Council Increases Tax On Used EV Car Sale By Business
The goods and services tax council on Saturday decided to levy an 18 per cent GST on margin value on the sale of used electric vehicles by businesses and agreed to keep jet fuel (ATF) out of the 'one-nation-one-tax' regime.
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Trip To Uttarakhand To Get Costlier, Vehicles Will Soon Pay Green Tax
The Uttarakhand government will soon impose a green cess on out-of-state vehicles, an official said on Saturday.
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'Tax Collector' Elephant In Sri Lanka Goes Viral For Stopping Vehicles, Seeking Food
Social media users have given their seal of approval to Raja to continue his bureaucratic duties and chomp on bananas and other fruits.
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Explained: How Volkswagen Group Allegedly Evaded Billions In Taxes In India
The Volkswagen Group, which include the brands Volkswagen, Audi, Skoda, Porche, and Lamborghini has been accused by Indian authorities of evading $1.4 billion (Rs 118.6 billion) in taxes, which is roughly Rs 11,865 crore.
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Telangana EV Policy 2024: Here's Everything You Need to Know
Telangana's new EV Policy 2024, announced by Minister Ponnam Prabhakar, offers 100% road tax and registration fee exemptions for EVs until 2026, removing previous caps on eligible vehicles. This move, alongside plans for better charging infrastructure and phasing out diesel buses, supports Hyderabad's goal of reducing air pollution. Citizens are ur...
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EU-China EV Tariff Dispute: Beijing Requests Automakers To Stop Expanding in Europe
China is putting demand on its automakers to halt expansion in the European union (EU) due to the increasing conflicts over Electric Vehicles (EV). A hold on active searches is demanded by China. This tension rose when customs taxes levied by the European Union increased significantly
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No Toll Up To 20 km For Private Vehicles With Global Navigation Satellite System
Motorists using private vehicles with a functional global navigation satellite system (GNSS) will be allowed to travel toll-free on highways and expressways up to 20 kilometres daily with effect from Tuesday, according to a government notification.
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Gram Panchayats Can't Impose Tax On Motor Vehicles: Madhya Pradesh High Court
Gram Panchayats -- elected village bodies -- have no power to levy a tax on motor vehicles, the Madhya Pradesh High Court has said.
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Nitin Gadkari Wants States To Consider Cutting GST On Flex-Fuel Vehicles
Union Minister Nitin Gadkari on Monday said state finance ministers should consider reducing Goods and Services Tax (GST) on flex-fuel vehicles to 12 per cent in the GST Council meeting.
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Delhi Government To Provide Tax Concession For Scrapping Old Vehicles
The Delhi government is planning to provide a tax concession for scrapping old vehicles and has sent a proposal to Lt Governor VK Saxena for approval.
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Maruti Suzuki Stocks Gain 7% After UPs Hybrid Vehicle Tax Waiver
The Uttar Pradesh government announced a complete waiver of registration tax on strong hybrid electric cars (HEVs) and plug-in hybrid electric vehicles (PHEVs), effective immediately.
-
Maharashtra Scraps Six Percent EV Tax Plan to Boost Adoption
Maharashtra has dropped a 6 percent sales tax proposal on EVs priced above $35,000 (roughly Rs. 30 lakh) to boost adoption in India, where EV sales remain low at 2 percent of four million cars sold last year. Chief Minister Devendra Fadnavis cited unnecessary disincentivisation, while the federal goal aims for 30 percent EV adoption by 2030.
-
Tesla Said to Have Finalised Mumbai’s BKC for Its First Showroom Ahead of India EV Market Entry
Elon Musk’s Tesla has finalised the location for its first showroom in India, according to a report. It is said to have leased a space in Mumbai’s Bandra Kurla Complex, also known as BKC ahead of the company’s anticipated foray into India’s electric vehicle (EV) space. For years, the EV maker faced hurdles related to localised factory inves...
-
Ferrari, Porsche Amid 30 High-End Cars Seized In Bengaluru For Tax Evasion
The Transport Department has been working towards tax compliance among luxury vehicle owners in Bengaluru.
-
Union Budget 2025: What Budget May Bring For Individuals? An Expert View
The Union Budget 2025, set to be presented by Finance Minister Nirmala Sitharaman on February 1, 2025, is highly anticipated by individual taxpayers, who are hoping for tax reforms that will increase their disposable income and stimulate economic gro
-
GST Council Increases Tax On Used EV Car Sale By Business
The goods and services tax council on Saturday decided to levy an 18 per cent GST on margin value on the sale of used electric vehicles by businesses and agreed to keep jet fuel (ATF) out of the 'one-nation-one-tax' regime.
-
Trip To Uttarakhand To Get Costlier, Vehicles Will Soon Pay Green Tax
The Uttarakhand government will soon impose a green cess on out-of-state vehicles, an official said on Saturday.
-
'Tax Collector' Elephant In Sri Lanka Goes Viral For Stopping Vehicles, Seeking Food
Social media users have given their seal of approval to Raja to continue his bureaucratic duties and chomp on bananas and other fruits.
-
Explained: How Volkswagen Group Allegedly Evaded Billions In Taxes In India
The Volkswagen Group, which include the brands Volkswagen, Audi, Skoda, Porche, and Lamborghini has been accused by Indian authorities of evading $1.4 billion (Rs 118.6 billion) in taxes, which is roughly Rs 11,865 crore.
-
Telangana EV Policy 2024: Here's Everything You Need to Know
Telangana's new EV Policy 2024, announced by Minister Ponnam Prabhakar, offers 100% road tax and registration fee exemptions for EVs until 2026, removing previous caps on eligible vehicles. This move, alongside plans for better charging infrastructure and phasing out diesel buses, supports Hyderabad's goal of reducing air pollution. Citizens are ur...
-
EU-China EV Tariff Dispute: Beijing Requests Automakers To Stop Expanding in Europe
China is putting demand on its automakers to halt expansion in the European union (EU) due to the increasing conflicts over Electric Vehicles (EV). A hold on active searches is demanded by China. This tension rose when customs taxes levied by the European Union increased significantly
-
No Toll Up To 20 km For Private Vehicles With Global Navigation Satellite System
Motorists using private vehicles with a functional global navigation satellite system (GNSS) will be allowed to travel toll-free on highways and expressways up to 20 kilometres daily with effect from Tuesday, according to a government notification.
-
Gram Panchayats Can't Impose Tax On Motor Vehicles: Madhya Pradesh High Court
Gram Panchayats -- elected village bodies -- have no power to levy a tax on motor vehicles, the Madhya Pradesh High Court has said.
-
Nitin Gadkari Wants States To Consider Cutting GST On Flex-Fuel Vehicles
Union Minister Nitin Gadkari on Monday said state finance ministers should consider reducing Goods and Services Tax (GST) on flex-fuel vehicles to 12 per cent in the GST Council meeting.
-
Delhi Government To Provide Tax Concession For Scrapping Old Vehicles
The Delhi government is planning to provide a tax concession for scrapping old vehicles and has sent a proposal to Lt Governor VK Saxena for approval.
-
Maruti Suzuki Stocks Gain 7% After UPs Hybrid Vehicle Tax Waiver
The Uttar Pradesh government announced a complete waiver of registration tax on strong hybrid electric cars (HEVs) and plug-in hybrid electric vehicles (PHEVs), effective immediately.
