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Tata Motors seeks incentives for entry-level EVs in upcoming Budget

Share FacebookTwitterWhatsAppPinterestLinkedinCopy URLTelegramEmailTumblrReddItPrintKoo New Delhi, Jan 18 : Tata Motors has sought targeted incentives for entry-level electric vehicles and support to the electric cars used in the fleet segment under the PM E-DRIVE scheme in the upcoming Union Budget. In an interaction with PTI, Tata Motors Passenger Vehicles MD & CEO Shailesh Chandra said that while government interventions such as GST 2.0, repo rate reduction and tax regime changes have revived demand in the passenger vehicle industry, entry-level EVs continue to face pressure. “I would like to really appreciate the government for reviving the PV industry and the electric vehicle side as well.

Tata Motors seeks incentives for entry-level EVs in upcoming Budget

Credit: Dailyexcelsior

Key Highlights

  • Two things which can be considered (in the Budget).
  • One there is a lot of pressure on the entry segment on the EV side and if the government would like to consider some level of incentives,” he said.
  • There is enhanced pressure on the entry-level EVs with GST reforms leading to reduction in prices of petrol cars, Chandra said.
  • “The government last year took significant steps.
  • The big one has been the GST 2.0 but apart from that, there has been repo rate reduction, tax regime change and all.
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Sources

  1. Tata Motors seeks incentives for entry-level EVs in upcoming Budget

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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