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UP tax sops recognise hybrid vehicles role in cutting emissions: Maruti

Business Standard LogoBusiness Standard1w ago

UP tax sops recognise hybrid vehicles role in cutting emissions: Maruti - Business Standard

Quick Summary:

Maruti Suzuki India Chairman RC Bhargava on Tuesday said the reported 100 per cent registration waiver for hybrid vehicles by the Uttar Pradesh government recognises the fact that multiple technologies are required to reduce carbon emissions and oil imports.

According to reports, the Uttar Pradesh government has announced a 100 per cent registration tax waiver on hybrid vehicles leading to a drop in prices of models by up to Rs 3.5 lakh.

"The UP government action is the first instance where a state government has realised and acted on the fact that multiple technologies are required for reduction in carbon emissions and oil imports," he stated.


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Category: BusinessFinance

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Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-09 @ 23:32:54 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 416 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 21557137

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 292 posts per day

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News Last Updated: 2 hours ago

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