• 70804
• October 09, 2024

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.

• News Source Indiatimes (Click to view full news): CLICK HERE

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• Business

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