GST Council Considers Steep Tax Hike on Luxury EVs, Causing Industry Concern
September 3, 2025
A proposed hike of GST on EVs in India is set to impact the likes of Tesla, BMW, and Mercedes-Benz, with taxes climbing up to 40%. A tax authority in India has proposed a substantial hike in the Goods and Services Tax (GST) on luxury electric vehicles (EVs). This would be very damaging to the country’s rapidly growing EV market. If the proposal is accepted, the EVs tagged between ₹
