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Luxury EVs to cost more as Maharashtra hikes motor vehicle tax

Govt proposes motor vehicle tax at 6 per cent for electric vehicles that cost more than R30 lakh

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Motor vehicle tax is proposed to be capped at R30 lakh from the earlier Rs 20 lakh. Representation pic/iStock

Motor vehicle tax is proposed to be capped at R30 lakh from the earlier Rs 20 lakh. Representation pic/iStock

Citizens buying CNG/LPG cars and EVs costing more than Rs 30 lakh will have to shell out more in tax. In its budget presented on Monday, the state government proposed a motor vehicle tax at the rate of 6 per cent on electric vehicles priced above R30 lakh. It has also proposed an increase in tax on individual owned non-transport four-wheeler CNG and PNG vehicles by 1 per cent. At present, the tax ranges between 7 and 9 per cent. 

Also, motor vehicle tax is proposed to be capped at R30 lakh from the earlier Rs 20 lakh. 

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