UP Govt Stands Firm on Hybrid Vehicle Tax Waiver

Published On: August 12, 2024 - In a major move, the Uttar Pradesh government has confirmed it will not retract its decision to waive registration fees for plug-in and strong hybrid vehicles, despite strong reactions from major car manufacturers. On July 5, UP introduced an 8-10% waiver on registration taxes for these vehicles, potentially reducing their on-road prices by up to ₹4 lakh. This decision has sparked a significant debate among key players in the automotive industry. In this video, we explore the details of this decision, the reactions from Tata Motors, Hyundai, Kia, Mahindra & Mahindra, Maruti Suzuki, Toyota, Honda, and Bajaj, and its implications for the future of green technology in Uttar Pradesh and beyond. UP Chief Secretary Manoj Kumar Singh's perspective on integrating hybrid and electric vehicles as part of the state’s EV policy is also discussed. Watch to understand how this policy could impact the automotive market, the ongoing debates about GST rates for hybrid and electric vehicles, and what it means for India's environmental goals.