Great news for eco-conscious car buyers in Uttar Pradesh! The state government has taken a significant step towards promoting greener transportation by waiving road tax on all strong hybrid vehicles. This move will bring down the on-road price of hybrids, …
Great news for eco-conscious car buyers in Uttar Pradesh! The state government has taken a significant step towards promoting greener transportation by waiving road tax on all strong hybrid vehicles. This move will bring down the on-road price of hybrids, making them a more attractive option for drivers.
Previously, UP levied road tax ranging from 8% to 10% on car purchases. This waiver eliminates that cost, resulting in substantial savings. Let’s see how some popular hybrids benefit:
Maruti Suzuki: The Grand Vitara’s price drops by ₹1.98 lakh, while the Invicto becomes ₹2.88 lakh more affordable. Maruti Suzuki’s stock even jumped over 5% on this news!
Toyota: The Urban Cruiser Hyryder sees a price reduction of ₹2.04 lakh, making its hybrid variants more competitive. The Innova Hycross benefits even more, with its on-road price dropping by ₹3.11 lakh.
Honda: The City e:HEV gets a price cut of around ₹2 lakh, making it a more attractive option in the mid-size sedan segment.
This initiative complements UP’s existing focus on electric vehicles (EVs). The state offers a three-year tax and registration fee exemption for all EVs, with an extended five-year benefit for EVs manufactured within UP.
By making hybrid and electric cars more affordable, the UP government is encouraging residents to adopt cleaner transportation options. This will contribute to reducing air pollution and promoting a more sustainable future.
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