Please Tell Us Your City

Knowing your city will help us provide relevant content to you.

Sorry! No matching results found. Try again.Error Identifying Your Location.

Log in to CarWale

Please enter your password
Forgot password?
Please enter your registered email

Or Login with

Sign In with google

Sign up to CarWale

Please enter your name
Please enter your mobile number
Please enter your password
Please enter your password

Union Budget 2019: GST on Electric Vehicles drops significantly

July 05, 2019, 03:03 PM IST by Nikhil Puthran
Union Budget 2019: GST on Electric Vehicles drops significantly

- GST on electric vehicles reduced from 12 per cent to 5 per cent

- Tax benefits of up to Rs 1.5 lakhs on Electric Vehicle loan

The Union Budget 2019 has brought some relief to car manufacturers in the country with the announcement on the reduction in GST on electric vehicles from 12 per cent to five per cent, by the Finance Minister, Nirmala Sitharaman. Additionally, to encourage consumers, the government has provided an additional income tax deduction of Rs 1.5 lakhs on the interest paid towards loans taken to purchase electric vehicles. 

The Finance Minister has also stated that there will be a comprehensive restructuring of National Highways Programme to ensure the creation of National Highways Grid of desirable capacity. On 1 April, 2019, the government had approved Rs 10,000 crore for FAME II scheme to encourage faster adoption of electric vehicles by providing right incentives and charging infrastructure.

Tags:Mahindra,Mahindra e2o Plus,e2o Plus
  • FaceBook Logo
  • Twitter Logo
  • Email Logo
Show CommentsHide Comments

Mahindra e2o PLUS Price in India

CityOn-Road Prices
Bangalore₹ 8.15 Lakhs onwards
Chennai₹ 8.22 Lakhs onwards
Hyderabad₹ 8.63 Lakhs onwards
Kolkata₹ 7.82 Lakhs onwards
Mumbai₹ 8.34 Lakhs onwards
New Delhi₹ 10.09 Lakhs onwards
  • Upcoming Cars

Renault TriberRenault Triber

28th Aug 2019

5L - ₹ 7L
Renault Kwid FaceliftRenault Kwid Facelift

Sep 2019

3L - ₹ 5L
Maruti Suzuki New Vitara BrezzaMaruti Suzuki New Vitara Brezza

Sep 2019

8L - ₹ 11L
Audi New Q3Audi New Q3

Sep 2019

33L - ₹ 44L
Audi Q8Audi Q8

Sep 2019

1Cr - ₹ 1.20Cr
All Upcoming Cars
Ask the experts1800 2090 230Mon-Fri (9 AM - 8 PM)
Sat (9 AM - 5:30 PM)
Sun (9 AM - 7 PM)
Toll free

Select your city to avail offers

Currently available only in