Now the government is planning to reduce the tax on hybrid cars, the information of which has been shared by an English website Autocar India. However, the plan is still in the initial stage.
There may be a deduction in the tax of Hybrid Car.
100 percent electric cars, bikes, scooters and buses have already entered the Indian market, for which the government also gives subsidy to encourage their purchase. But now the government is planning to reduce the tax on Hybrid Car, the information of which has been shared by an English website Autocar India. According to reports, soon the tax can be determined on the basis of emission norms.
At present, a team of experts is analyzing global and domestic data, in which they are trying to understand the demand. According to Autocar India, Arun Goel, Secretary, Ministry of Heavy Industries has told them that this has been taken care of after discussions by the SIAM panel. Arun Goyal has told that he is working on the feedback received from the industry, which is on tax rates. Emission norms have also been included in this.
How tax is taken on the vehicle now
At present, the Center levies only 5 per cent tax on electric vehicles, while mild hybrids are taxed at 29 per cent and strong hybrid cars are taxed at 43 per cent. At the same time, 29 percent (sub 4 meter vehicle) is used on Internal Combination Engine (ICE) vehicles, whose engine comes with 1.2 liters. Whereas cars coming with the sub-4 meter 1.5 liter engine attract 31 percent tax. Also, 45 percent tax is levied on vehicles longer than 4 meters.
Know how much tax is charged on a car
Car Engine Type | Size | Engine | Tax Rates |
Electric Car | 5% | ||
Mild Hybrid Car | 29% | ||
Strong Hybrid Car | 43% | ||
1.2L ICE Engine | Sub 4 Meter | Under 1.2L | 29% |
ICE Engine | Sub 4 meter | 1.5 Liter | 31% |
ICE Engine | Above 4 meter | 45% |
What is Hybrid Car
There are two types of power trains available in the hybrid car system. Two types of motors are given in this, which give the power to rotate the wheels. Actually, when the car runs on petrol, a motor in the car also generates electricity, which helps in charging the battery. In such a situation, such a combination of petrol and battery is prepared inside the car, due to which the car gives more mileage and spreads less pollution. Go here to read news from the car and automobile world.
Source: www.tv9hindi.com”