The exact quantum of reduction in the taxes is not reveal👍ed in the notification that informed of the waiver. However, reports say that a 100 per cent rebate is being offered.
In good news for those planning to purchase hybrid car in Uttar Pradesh, the state government has announced a waiver of road tax𝓀 on the hybrid cars in a bid to encourage the use of greener vehicles and r𝓰educe the environmental impact of traditional gasoline and diesel-powered cars.
The move by the Uttar Pradesh government to waive off road tax on hybrid cars is expected to reduce prices of such vehicles by🐽 leading automakers Maruti Suzuki and Toyota.
The exact quantum of reduction in the taxes is not revealed in the notificatไion that informed of the waiver. However, reports say that a 100 per cent rebate is being offered.
The tax waiver will reduce the overall cos🥃t of cars for buyers, making hybrid vehic𒀰les an attractive option in the market.
A hybrid car uses more than one means of energy, combining a petrol or diesel engine with an electric motor, with the two systems working with each other to mo▨ve the vehicle. This allows the car to burn less gasoline, achieving better fuel efficiency than a traditional engine that solely uses fuel does.
Maruti Suzuki, maker of the popular hybrid cars Grand Vitara and Invicto, and Toyota, which has introduced the hybrid technology in models such as the Innova Hycross and Urban Cruiser Hyryder, may see an increased sa💫les with the Uttar Pradesh government's move.
The average re🦹gistration cost for the hybrid trims of the Grand Vitara and Urban Cruiser Hyryder is close to Rs 1.80 lakh in Uttar Pradesh, as mentioned in an NDTV report. Thus, a significant cut in the on-road prices of these SUVs is on cards wꦦith the road tax waiver.
Toyota Innova Hycr🎐oss and Maruti Invicto buyers can get a cost cut of up to Rs 3 lakh in the on-road prices, depending on the ꧃variant of the car.
As this is an amendment 🍌to the state's existing EV policy, the relaxation in registration cost will be valid till﷽ October 2025, the report 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. At Honda Cars India, we welcome this move, as it will undoubtedly attract a larger set of customers to join the nation's green mobility mission," the report quoted Kunal Behl, Vice President, Marketing & Sales, Honda Cars India Ltd.
Other states could also follow suit and result in a big push to hybrid vehicles, which are considered the sustainable sꦫubstitute 🐻for petrol and diesel cars.