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Zero Registration Charges For Strong Hybrid Cars In Uttar Pradesh, Expect Huge Price Cuts

Zero Registration Charges For Strong Hybrid Cars In Uttar Pradesh, Expect Huge Price Cuts

Business Today
Business Today
  • New Delhi,
  • Jul 9, 2024,
  • Updated Jul 9, 2024, 6:40 PM IST

 

The Uttar Pradesh (UP) government has announced a full waiver of registration tax on strong hybrid cars, potentially saving customers up to ₹3.50 lakh. The move will benefit companies such as Maruti Suzuki India (MSIL), Honda Cars India (HCIL), and Toyota Kirloskar Motor (TKM). The state, is offering a "100% waiver on registration fees for strong hybrid electric vehicles and plug-in hybrid electric vehicles" through a directive issued on July 5. With UP charging 8-10% road tax on vehicles, this waiver is a significant incentive. Earlier this year, the state also implemented a zero registration cost policy for electric vehicles (EVs).

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