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Informative

Maharashtra Budget: State To Levy 6% Tax On EVs Above INR 30 Lakh

Update / Judgement Date

11 Mar 2025

Source

Inc42

Author

Team — WCP Legal Desk

Reading Time

1 min read

Excise, VAT & CustomOther Legal Matters

The Maharashtra budget proposes a 6% tax on EVs above ₹30 lakh. This levy aims to generate revenue and regulate the luxury EV market. The move reflects the state's fiscal policies and environmental considerations. The taxation involves a specific segment of the EV market.