Articles for tag: Auto, Car, Hybrid, Ignite, Market, Pradeshs, Revolution, Tax, Uttar, Waivers

Tax Waivers Ignite Hybrid Car Revolution in Uttar Pradesh’s Auto Market

Japanese automakers Toyota and Maruti Suzuki are aggressively promoting hybrid vehicles in Uttar Pradesh, India, following recent tax waivers that make hybrids more attractive for buyers. While hybrids are taxed at 43 percent, just below the 48 percent for gasoline cars, these waivers can lead to significant savings, such as $15,800 on a luxury Toyota ...