Maruti Suzuki reassesses EV sales outlook after GST cut
after close1 source ↓written by the desknot a recommendation
- been reduced
- 18%
- now face
- 40% tax
Maruti Suzuki is reassessing its FY30 EV sales outlook following the recent GST cut on ICE vehicles. The tax on small ICE cars has been reduced to 18%, while mid- and large-sized ICE cars now face a 40% tax. This change has widened the price gap, making EVs appear more expensive to buyers. 🚗💰
Not investment advice. For informational purposes only.