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UP hybrid car tax sops: Hyundai, Tata doesn't want UP to give a major tax advantage to Maruti, Toyota

By Economic Times - 2 months ago
Hyundai, Kia, Tata, and Mahindra opposed Uttar Pradesh's incentives for hybrid cars, stressing it hinders electric vehicle adoption and investment plans. The state recently made hybrids cheaper by waiving certain taxes, favoring competitors like Toyota. The government is currently reviewing the concerns, with a decision expected post an August 11 industry meeting.

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