The Maharashtra Government has revised its tax policy for motor vehicles that introduces higher tax on certain kinds of vehicles, including EVs but there is a catch.
Maharashtra has proposed to introduce 6% motor vehicle tax on electric vehicles costing above Rs 30 lakh ex-showroom, thereby making them more expensive than before.
Since the tax on EVs will be levied on vehicles costing more than Rs 30 lakh, it will pinch carmakers like Hyundai, Kia, BMW, Audi, BYD, Mercedes-Benz and even the upcoming Vinfast and Tesla.
In addition to electric vehicles, the Maharashtra Government has proposed to increase tax on CNG and LPG-powered vehicles by 1%, making them more expensive than before.
Furthermore, a 7% lump sum tax has been imposed on construction vehicles such as cranes, excavators, and light goods vehicles, expected to generate ₹180 crore in revenue.