Maruti, Toyota may have a reason to worry: 48% GST on hybrid cars, 5% on EVs to continue

The Indian government will maintain a significant tax difference between electric vehicles and hybrids to promote zero-emission technologies. G20 Sherpa Amitabh Kant confirmed the policy at a Mercedes-Benz event, emphasizing the push for electrification. This decision impacts auto companies like Maruti Suzuki, Toyota, and Honda, who have been lobbying for lower GST rates on hybrids.