Any changes to GST on EVs will slow down adoption of green cars: Mercedes MD Santosh Iyer

Mercedes-Benz India warns that potential GST rate hikes on EVs above Rs 40 lakh could deter investment and employment, slow EV adoption, and negatively impact sales. Increased GST on fully-built imports, already heavily taxed, may reduce demand and be revenue-neutral or negative for the government.

Oct 9, 2024 - 22:30

Any changes to GST on EVs will slow down adoption of green cars: Mercedes MD Santosh Iyer

Join our WhatsApp Community to receive travel deals, free stays, and special offers!
- Join Now -

Mercedes-Benz India warns that potential GST rate hikes on EVs above Rs 40 lakh could deter investment and employment, slow EV adoption, and negatively impact sales. Increased GST on fully-built imports, already heavily taxed, may reduce demand and be revenue-neutral or negative for the government.