Israeli finance ministry, Ministry

The e-vehicle manufacturers in Punjab's Ludhiana have said that even though the sales of e-vehicles would increase after permission of selling and registering them without pre-fitted batteries, the Goods and Services Tax (GST) on the batteries should be reduced.The e-vehicle manufacturers said that this new rule is expected to increase the sales of vehicles in the country. However, this would affect the pockets of the customers as the GST on batteries remains high.At the same time, some said that the sales and registration of e-vehicles without pre-fitted batteries would not make much difference in the sales as the price of the e-vehicle with or without the battery will remain the same.When the batteries came with the e-vehicles, the GST imposed on batteries was around 5 per cent, but now it will be 28 per cent if bought separately. They added that if energy service provider compes make the batteries available at a lower price, then it will benefit the customers directly."We welcome the decision, but there is not much infrastructure. There would be a requirement of swapping machines and most of the states don't have them. However, the main challenge remains GST which is higher when customers will get batteries attached separately," said Amandeep Singh, AGM E-bike, Avon Cycle."Since the cost would increase, we request the government to reduce GST. Rest, the sales would definitely increase if the government provides infrastructure. This would also reduce pollution levels and benefit the environment," he added."If a customer purchases battery separately, they will have to give 28 per cent GST while purchasing a lead-acid battery and 18 per cent GST while purchasing lithium battery. If they purchase the e-vehicle along with the battery, the GST is 5 per cent. This would be painful and expensive for the customers," said Subhash Malik, an e-bike seller.Earlier on Wednesday, the Ministry of Road Transport and Highways (MoRTH) announced that it has allowed registration of electric vehicles without pre-fitted batteries."The Ministry of Road Transport and Highways (MoRTH) has allowed registration of electric vehicles without pre-fitted batteries. Further, that there is no need to specify the Make/Type or any other details of the Battery for the purpose of Registration," the Ministry said in a press release.This means that now electric vehicles will be sold without batteries, which will reduce their price even further. The government hopes that the move will increase sales of electric vehicles in the country further.The ministry further said that for the promotion of electrical two-wheelers and three-wheeler vehicles, there are recommendations brought to the notice of the Ministry to delink the cost of the battery (which accounts for 30-40 per cent of the total cost) from the vehicle cost."Vehicles could then also be sold in the market without the battery. This will make the upfront cost of the electrical 2 wheeler (2W) and 3 wheelers (3W) to be lower than ICE 2 and 3W. The battery could be provided separately by the OEM or the energy service provider," the ministry added.( With inputs from ANI )

Israeli Finance MinistryFOLLOW

Israeli finance ministry, Latest News

, 2020 public sector and private banks have sanctioned loans worth over Rs 1.51 lakh crore under the 100 ... ...

A total of 1.22 crore Kisan Credit Cards (KCCs) have been sanctioned with a credit limit of Rs 102,065 crore as on August 17, Ministry of Finance said here on Thursday. ...

With a spike of 64,531 cases and 1,092 deaths in the last 24 hours, India's COVID-19 reached 27,67,274 on Wednesday, according to the Union Health Ministry. ...

The Union Ministry of Health on Tuesday said that as many as 8.97 lakh COVID-19 tests were conducted in the last 24 hours across the country. ...

The Delhi police on Sunday rescued a toddler who had locked himself in a bathroom accidentally at his residence in Greater Kailash in the national capital even though the child was a bit traumatised after the ordeal. ...

Kathmandu, Aug 16 Nepal has registered a total of 102 deaths from the novel coronavirus so far, according ... ...

India has touched a new milestone with the highest number of COVID-19 tests in a single day so far, after a record high of 8,48,728 tests were conducted in the last 24 hours, taking the cumulative tests to 2,76,94,416 on Friday, said the Union Health ...

The e-vehicle manufacturers in Punjab's Ludhiana have said that even though the sales of e-vehicles would increase after permission of selling and registering them without pre-fitted batteries, the Goods and Services Tax (GST) on the batteries shoul ...