Tag: EV cars

GST Council Increases Tax On Used EV Car Sale By Business

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GST Council Increases Tax On Used EV Car Sale By Business

Representational Image Jaisalmer: The goods and services tax council on Saturday decided to levy an 18 per cent GST on margin value on the sale of used electric vehicles by businesses and agreed to keep jet fuel (ATF) out of the ‘one-nation-one-tax’ regime. The GST Council in its 55th meeting also decided to clarify on…

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Hyundai, Kia To Launch First India-Made EVs Next Year

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Hyundai, Kia To Launch First India-Made EVs Next Year

India is the biggest market outside North America and Europe for Hyundai Bengaluru: South Korea’s Hyundai Motor Group will launch its first India-manufactured electric vehicles by 2025 as the parent of the Hyundai and Kia brands looks to boost its presence in the nascent space dominated by Tata Motors. Production of Hyundai’s locally manufactured EVs…

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