Car Prices Will Rise in Maharashtra. 🚗💰
The Maharashtra government has announced a new budget that will make buying a car more expensive, especially electric vehicles (EVs). Starting from April 1, 2025, additional taxes will be imposed on CNG and PNG vehicles. This news is a big blow for many common people looking to buy a car.
More Taxes on Electric Vehicles ⚡️💸
In the budget, Maharashtra Finance Minister Ajit Pawar revealed that electric vehicles will also face higher taxes. From next month, there will be a 6% tax on EVs costing more than ₹30 lakh. This means that if you are planning to buy an electric car, you may need to spend significantly more money.
Impact on CNG and PNG Vehicles 🚙💨
In addition to the changes for electric vehicles, CNG and PNG vehicles will see an additional 1% tax. This is another step that will increase the overall cost of owning a vehicle in Maharashtra. The government aims to raise ₹150 crore in revenue from these tax increases.
Maharashtra’s EV Sales 📈
Maharashtra has been a leader in electric vehicle sales, accounting for 15% of the total EVs sold in India. So far, 15,044 electric cars were sold in the state in 2024. However, with the new taxes, potential buyers might think twice before making a purchase.
Conclusion 💭
Overall, the new budget by the Maharashtra government has raised the cost of owning both electric and CNG vehicles. As these changes take effect next month, it is important for buyers to be aware of how much more they will need to spend.
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