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Home : Technology : Automobiles : Hybrid models will pinch your pockets after applicability of GST
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Hybrid models will pinch your pockets after applicability of GST

By: Team Ifairer | Posted: 23-06-2017
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Hybrid models will pinch your pockets after applicability of GST Hybrid models will pinch your pockets after applicability of GST
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In the new GST structure announced last month, the cumulative duty on hybrid cars went up to 43% against the approximate 30% (cumulative) duty mandated in the current tax regime. While the tax benefit was meant for hybrid vehicles, the government thinks that diesel engine-fitted mild hybrids cornered a large chunk of this benefit by merely installing a 'start-stop switch' and 'a larger battery'.
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