LatestGoods & Service Tax (GST) 12 July 2026
GST Hike Impacts Hybrid Vehicles
The government has increased the GST on hybrid vehicles to 25 per cent from 8.5 per cent in the budget, resulting in higher prices for consumers. This change is expected to affect the sales of hybrid vehicles in the market, and assemblers are waiting for potential changes in the new auto policy
The recent budget has brought significant changes to the pricing of hybrid vehicles. *Key points to note:*
- The GST on hybrid vehicles has been increased to 25 per cent from 8.5 per cent.
- This change is expected to increase the prices of hybrid vehicles, making them less competitive in the market.
Assemblers are expecting some changes in the new auto policy that may impact the sales of hybrid vehicles.
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