SME Times is powered by   
Search News
Just in:   • RBI leaves repo rate unchanged, sticks to neutral policy stance  • EU, US trade deals to support exports over medium-term: RBI Governor  • Is it time for SMEs to look beyond Google?  • Ensuring energy security of 1.4 billion Indians remains govt's supreme priority: MEA  • Foreign firms to meet 4 essential conditions to qualify for tax holiday benefits 
Last updated: 09 Jul, 2024  

UP.9.Thmb.jpg UP govt waives off road tax on hybrid cars to boost green transportation

UP.9.jpg
   Top Stories
» EU, US trade deals to support exports over medium-term: RBI Governor
» Ensuring energy security of 1.4 billion Indians remains govt's supreme priority: MEA
» After Budget and India-US trade deal, all eyes on RBI’s repo rate decision
» US tariffs on Indian goods among lowest after trade deal
» Indian rupee trades over 1 pc higher after US trade deal
IANS | 09 Jul, 2024

In a key step to boost green transportation and adoption of eco-friendly vehicles, the Uttar Pradesh government has announced a waiver of road tax on hybrid cars.

The state, through a directive, is reportedly offering a "100 per cent waiver on registration fees for strong hybrid electric vehicles and plug-in hybrid electric vehicles”.

The move is set to benefit hybrid cars being offered by automakers like Maruti, Toyota and Honda.

Maruti Suzuki has a popular hybrid model like Grand Vitara and Toyota offers Innova Hycross and Urban Cruiser Hyryder.

The average registration cost for the hybrid trims of Grand Vitara and Urban Cruiser Hyryder is about Rs 1.80 lakh in UP. The road tax waiver will significantly bring down the cost of these cars.

The Innova Hycross and Invicto buyers are likely to benefit up to Rs 3 lakh in on-road prices, depending on the variant.

Since this is an amendment to the existing EV policy, the relaxation in registration costs will be valid till October 2025.

According to the Federation of Automobile Dealers Associations (FADA), this policy will boost strong hybrid vehicle sales in UP, even though the market is currently small.

“Most buyers of such vehicles are not first-time owners. This move by Chief Minister Yogi Adityanath is set to aid the auto sector,” according to FADA.

Kunal Behl, Vice President, Marketing & Sales, Honda Cars India, said, “Waving off 100 per cent road tax on strong hybrid vehicles is a milestone decision by the Uttar Pradesh government which will encourage adoption of these environment-friendly vehicles.”

“This is also aligned with our global commitment to sustainable mobility and our global vision of achieving zero carbon emissions by 2050,” said Behl.

This progressive step marks a significant milestone in Uttar Pradesh's journey towards a greener future.

--IANS

 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
₹91.2
₹89.5
UK Pound
₹123.35
₹119.35
Euro
₹107
₹103.35
Japanese Yen ₹57.9 ₹56.1
As on 22 Jan, 2026
  Daily Poll
What is your primary "Make or Break" expectation from the Finance Minister this year?
 The Tax Relief
 The Working Capital Fix
 The Compliance Holiday
 The Payment Shield
 The Tech Subsidy
 All
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter