Ahead of Union Budget 2026, BMW has urged the Centre to retain the 5 per cent GST on electric vehicles, citing rising EV sales, high manufacturing costs, and the importance of keeping EVs affordable for consumers while supporting industry growth

A health and national security cess and excise duty on pan masala and tobacco products respectively will be over and above 40 per cent Goods and Services Tax (GST) rate, while in case of ‘biris’ it would be on top of the 18 per cent GST rate effective February 1, 2026