Hopeful that the Government of India will have a rethink on the cars wearing hybrid technology, Maruti hybrid car sales to continue.
Post-GST (Goods and Services Tax), the Government of India hiked the tax rates of vehicles with hybrid technology. Before GST was implemented, taxes on hybrid vehicles stood at 30.3 percent whereas after GST got implemented taxes now stand at 43 percent. Maruti hybrid car sales will however continue despite the tax hike in GST.
There are 2 cars in Maruti’s portfolio that come powered by the smart hybrid technology, the Ciaz and Ertiga. After GST implementation, prices of both the models are up by over a lakh, but the automaker has no intentions to stop selling the Ciaz and the Ertiga with the smart hybrid technology. Moreover, with the hybrid technology, both these cars offer higher fuel-efficiency when compared to their rivals.
Maruti Suzuki aimed at contributing to a more greener environment by offering hybrid technology in its cars and a hike in taxes isn’t letting the carmaker go down on its aim. The company says hybrid cars will be the link to the Government’s ambition of India becoming an all-electric car nation by 2030.
There are other manufacturers too that offer hybrid technology in some of their cars, while Toyota has no words on the Camry yet, we think Honda might stop selling the Accord in India since the car is a CBU and is already priced at quite a premium and now the cost further goes up.
Maruti Hybrid Car Sales
– Maruti will continue to sell cars with hybrid technology despite the tax hike in GST
– Taxes have shot up from 30.3 percent (pre-GST) to 43 percent (post-GST)
– Maruti currently has the Ciaz and the Ertiga with the hybrid technology