GST cut on ICE vehicles may slow EV growth momentum: Reports

GST on small cars could fall from the current 28 per cent to 18 per cent. Larger cars, meanwhile, may move to a new 40 per cent rate with the removal of the existing cess.

Aug 24, 2025 - 09:14
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GST cut on ICE vehicles may slow EV growth momentum: Reports
GST on small cars could fall from the current 28 per cent to 18 per cent. Larger cars, meanwhile, may move to a new 40 per cent rate with the removal of the existing cess.