UP govt promotes green mobility; Road tax waived for hybrid cars

Big boost for hybrid cars! Up to Rs.3 lakh discount as UP govt waives registration tax The Yogi Adityanath-led Uttar Pradesh government has taken a significant stride towards promoting green transportation and encouraging the use of eco-friendly vehicles by announcing a waiver of road tax on hybrid cars. The road tax waiver will significantly bring […] The post UP govt promotes green mobility; Road tax waived for hybrid cars appeared first on PGurus.

Jul 9, 2024 - 14:18
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UP govt promotes green mobility; Road tax waived for hybrid cars
This progressive step marks a significant milestone in Uttar Pradesh's journey towards a greener future

Big boost for hybrid cars! Up to Rs.3 lakh discount as UP govt waives registration tax

The Yogi Adityanath-led Uttar Pradesh government has taken a significant stride towards promoting green transportation and encouraging the use of eco-friendly vehicles by announcing a waiver of road tax on hybrid cars.

The road tax waiver will significantly bring down the cost of hybrid cars.

This progressive step marks a significant milestone in Uttar Pradesh’s journey towards a greener future.

The state, through a directive, is reportedly offering a “100 percent waiver on registration fees for strong hybrid electric vehicles and plug-in hybrid electric vehicles”.

This initiative will particularly benefit hybrid car models from automakers such as Maruti, Toyota, and Honda. Maruti Suzuki features popular hybrid models like the Grand Vitara, while Toyota offers vehicles like the Innova Hycross and Urban Cruiser Hyryder.

The average registration cost for the hybrid trims of Grand Vitara and Urban Cruiser Hyryder is about Rs.1.80 lakh in UP.

The Innova Hycross and Invicto buyers are likely to benefit up to Rs.3 lakh in on-road prices, depending on the variant.

Since this is an amendment to the existing EV policy, the relaxation in registration costs will be valid till October 2025.

According to the Federation of Automobile Dealers Associations (FADA), this policy will boost strong hybrid vehicle sales in UP, even though the market is currently small.

“Most buyers of such vehicles are not first-time owners. This move by Chief Minister Yogi Adityanath is set to aid the auto sector,” according to FADA.

Kunal Behl, Vice President, Marketing & Sales, Honda Cars India, said, “Waving off 100 percent road tax on strong hybrid vehicles is a milestone decision by the Uttar Pradesh government which will encourage adoption of these environment-friendly vehicles.”

“This is also aligned with our global commitment to sustainable mobility and our global vision of achieving zero carbon emissions by 2050,” said Behl.

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The post UP govt promotes green mobility; Road tax waived for hybrid cars appeared first on PGurus.

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