UP Government Exempts Road Tax on Hybrid Cars, Boost to Auto Industry Expected
UP Government Exempts Road Tax on Hybrid Cars, Boost to Auto Industry Expected
Share:

In a significant move, the Uttar Pradesh government has exempted hybrid cars from road tax, making them more affordable for buyers. This decision is expected to boost the sales of hybrid vehicles in the state and may encourage other car manufacturers to launch more hybrid models.

According to sources, the UP government has completely waived off the road tax on strong hybrid cars, which means that cars like Toyota Innova Hycross and Maruti Suzuki Grand Vitara will become cheaper by up to Rs 3 lakh and Rs 2 lakh, respectively. This move is expected to benefit car buyers in the state and may also encourage other states to follow suit.

The exemption of road tax on hybrid cars is seen as a positive move for the auto industry, which has been facing challenges in recent times. With the government's focus on promoting eco-friendly vehicles, hybrid cars are expected to play a crucial role in the transition to electric vehicles. While electric vehicles are still facing infrastructure and range anxiety issues, hybrid cars offer a more practical solution for buyers who want to switch to eco-friendly vehicles.

The move is also expected to encourage car manufacturers to launch more hybrid models in the country. Currently, only a few car manufacturers like Toyota and Maruti Suzuki are offering hybrid vehicles in India. However, with the UP government's decision, other car manufacturers like Hyundai may also consider launching hybrid models in the country.

The sales of hybrid vehicles have been increasing globally, and India is also expected to follow suit. With the government's support and incentives, hybrid vehicles are expected to become more popular in the country. The move is also seen as a step towards reducing carbon emissions and promoting sustainable transportation in the country.

Overall, the UP government's decision to exempt road tax on hybrid cars is a positive move for the auto industry and is expected to encourage more car buyers to switch to eco-friendly vehicles. With the government's support and incentives, hybrid vehicles are expected to play a crucial role in the transition to electric vehicles in the country."

"Xiaomi Celebrates 10 Years in India with 5 New Product Launches

Boost Your Memory with These 5 Indian Games!

Finance Ministry Permits Name-Gender Change for Senior IRS Officer

Join NewsTrack Whatsapp group
Related News