- Mercedes CEO concerned about potential GST hike on luxury EV cars
- Increasing GST on EVs priced above ₹40 lakh from 5% to 18% could impact consumer demand
- EV growth depends heavily on government incentives
- Mercedes-Benz offers a lineup of six EVs in India
- Reported 84% growth in battery electric vehicle sales in January-September 2024
- Proposed tax hike could limit future growth
- Sudden tax increases could impact affordability of luxury EVs and goals of reducing carbon emissions
Source: taxscan.in
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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