Maruti Suzuki, a leading car manufacturer in India, is advocating for hybrids to be treated similarly to electric vehicles to reduce emissions and enhance energy efficiency. The company is preparing to launch EVs next year and emphasizes that hybrids should receive government support as they help make petrol engines cleaner and reduce CO2 emissions. Japanese automakers like Toyota, Suzuki, and Honda, who were slow to adopt EV technology, are now lobbying for tax concessions. Maruti and Mahindra’s “mild hybrids” were previously seen as exploiting tax benefits, leading to the withdrawal of concessional duties under GST.
Source A2ztaxcorp
Latest Posts in "India"
- High-Value Transactions Now Automatically Reported to Tax Authorities, Even If Not Disclosed in ITR
- GST Compliance for CFOs: Strategic Risk Mitigation and Operational Efficiency in Indian Enterprises
- Supreme Court: Rooh Afza Classified as Fruit Drink, Attracts Only 4% VAT in UP
- India IRN vs Europe CTC: Key Differences in E-Invoicing Models, Clearance, and Reporting
- India’s 2026 E-Invoicing Rules: Turnover Limits, 30-Day Reporting, and Mandatory 2FA Explained
