Maharashtra Imposes 6% Tax on Luxury EVs

CosmicTaco · 2025-03-11T10:44:03.787554+05:30

- Maharashtra's state budget plan includes a 6% tax on electric vehicles costing over INR 30 Lakh. - State Finance Minister Ajit Pawar announced the tax during his budget speech on March 10. - The tax is expected to generate an additional INR 170 crore in annual revenue for the state. - Buyers of EVs priced at INR 30 Lakh will pay an extra INR 1.8 Lakh due to the new tax. - This announcement follows reports of Tesla leasing showroom space in Mumbai's BKC. Source: [Inc42](https://inc42.com/buzz/maharashtra-budget-state-to-levy-6-tax-on-evs-above-inr-30-lakh/)

Maharashtra's state budget plan includes a 6% tax on electric vehicles costing over INR 30 Lakh.
State Finance Minister Ajit Pawar announced the tax during his budget speech on March 10.
The tax is expected to generate an additional INR 170 crore in annual revenue for the state.
Buyers of EVs priced at INR 30 Lakh will pay an extra INR 1.8 Lakh due to the new tax.
This announcement follows reports of Tesla leasing showroom space in Mumbai's BKC.

Source: Inc42