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Tax change can force EVs to win on value
Financial Express Chandigarh
|October 25, 2025
TCO, NOT TAX BREAKS, WILL DEFINE THE WINNER: OSM
INDIA'S PUSH FOR green mobility has hit an interesting crossroads. The recent reduction of the goods and services tax (GST) on petrol, diesel, and CNG three-wheelers from 28% to 18% has narrowed the price gap with their electric counterparts, which retain a favourable 5% GST rate. This reform, intended to boost the overall auto sector, has sparked concern among some in the electric vehicle (EV) industry that price-sensitive buyers might revert to internal combustion engine (ICE) options.
But Uday Narang, founder of the commercial electric mobility firm Omega Seiki Mobility (OSM), views the GST reduction as a catalyst for efficiency and innovation within the EV space.
Bu hikaye Financial Express Chandigarh dergisinin October 25, 2025 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
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