India Eyes Major GST Hike On Premium EVs

An Indian tax panel has recommended a significant increase in GST for electric cars to the government claims a new report by Reuters. The proposal seeks to raise the rate from 5 per cent to 18 per cent on vehicles priced between ₹20 lakh and ₹40 lakh, while EVs costing above ₹40 lakh may attract 28-40 per cent taxation.The ₹20-30 lakh EV segment is at the centre of this change. Tata's Harrier EV, launched at ₹21.49 lakh, along with Mahindra's BE 6 and XEV 9e, priced between ₹18.9 lakh and ₹30.5 lakh, all fall directly within the proposed higher slab.