Setback for EVs? Automakers oppose GST hike proposal; push to retain 5% rate
Representative image (AI-photo) Electric vehicle manufacturers are expressing strong opposition to a proposed GST increase on high-end electric vehicles, cautioning that it could hamper progress in the nation’s transition to clean mobility at a crucial time.The GST rationalisation group of ministers (GoM) has suggested raising tax rates to 18% from 5% for EVs priced above…