VW's Skoda sees opportunity to launch hybrid cars in India to cut emissions

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India's federal sales tax on EVs is just 5 per cent, while the levy on hybrids is as high as 43 per cent, close to the 48 per cent for petrol cars.

Prime Minister Narendra Modi's government aims for 30 per cent of all vehicle sales to be electric by 2030, from 2 per cent last year.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Skoda Carbon emissions Hybrid cars Electric vehicles Automobile industry

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-10 @ 15:34:19 (13 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 338 words

Reading Time: 2 minutes read

Sentences: 12 lines

Sentence Length: 29 words per sentence (average)

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

Copyright Owner: © Business Standard

News ID: 22447377

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About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 367 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 4 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #49

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