The Uttar Pradesh government has waived off registration tax on strong hybrid cars in a move that is a significant boost for green vehicles. In the circular, the state government said that a policy give a 100 percent waiver on the registration fee of strong hybrid vehicles will be implemented with immediate effect. Manufacturers like Maruti Suzuki, Toyota Kirloskar Motor, and Honda Cars India will benefit massively from this new policy while customers can also save up to ₹3.5 lakh while buying these cars.
Currently, Uttar Pradesh levies an 8 per cent road tax on vehicles priced below ₹10 lakh and a 10 per cent tax on vehicles priced above ₹10 lakh (ex-showroom). The road tax waiver is unlikely to significantly impact the state exchequer owing to low sales of hybrid vehicles.
