Goods and Services Tax – GST Dated:- 26-10-2020 – News – New Delhi, Oct 26 (PTI) Any kind of support from the government in terms of GST reduction would help the passenger vehicle segment immensely as it would negate some of the price increase in vehicle prices due to the shift to stricter BS-VI emission norms, according to a top Tata Motors executive. In an interview with PTI, Tata Motors President, Passenger Vehicles Business Unit, Shailesh Chandra said the reduction in vehicle prices would even help end customers who have been facing various pressures owing to the current state of the economy. Due to this transition from BS IV to BS VI, there has been a significant escalation in cost. In these trying times customers are not v
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andra said there has been a significant escalation in cost due to the transition from BS IV to BS VI emission regime. It (reduced GST) will help consumers who are going through low buying sentiments because of uncertain and precarious outlook for the economy and their source of income. So definitely it will be helpful to boost the volumes for the passenger vehicle industry, he said. Currently, automobiles attract GST of 28 per cent with additional cess ranging from 1 per cent to 22 per cent. When asked about the electric vehicle segment, Chandra said the government has done its part and it was now up to the ecosystem players to participate in the process. As far as the government is concerned, the trust they have been bringing to
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sibility to the electric segment in the country, he added. Demand can be triggered through personal segment. Keeping that in mind if FAME incentives are also provided to personal segment electric cars which meet the criteria of price, localisation, range it will just accelerate the process of electrification in the country, Chandra noted. Tata Motors currently sells Nexon EV and two trims of Tigor with different range outputs. During the July-September quarter, the company has sold over 900 electric vehicle units. Since January, over 1,500 units of the Nexon EV have been sold. We believe in the future of electric mobility. We already have two versions of Tigor, we have Nexon EV, and we have announced Altroz EV, something which we a
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