India Today

This Car Ain't Movin' Yet

The light at the end of the policy tunnel is not from an electric vehicle. The Budget incentives will lure neither the buyer nor the manufacturer.

It's not enough of a start to get going. The budget announcement to cut GST on electric vehicles from 12 to 5 per cent, aimed at the manufacturer, and the sop of an income tax deduction on purchase, directed at the prospective buyer, is likely to lure neither party. The GST carrot is too little for the industry to confidently make the kind of heavy investments needed to roll out

You’re reading a preview, subscribe to read more.

More from India Today

India Today4 min read
In The Safe Zone
BNCAP (Bharat New Car Assessment Program) is indeed a positive step forward for India’s automotive safety standards. Through rigorous testing and assessment criteria, BNCAP aims to raise awareness about vehicle safety and encourage the adoption of ad
India Today1 min read
How To Make Better Financial Decisions
NEED TO KNOW CHECK ON SALE OF INSURANCE LEARNING CENTRE INCOME TAX REFUNDS ■
India Today2 min read
The Growth Stimulant
Madhya Pradesh has nothing to worry about on the finance front despite the new cash-heavy welfare programmes announced before the assembly poll, such as Ladli Behna. This emphatic statement came from none other than Mohan Yadav, the newly-appointed C

Related Books & Audiobooks