The Nasik-based Jitendra Electric vehicles welcomed the decision of fixing reasonable GST rates to EVs.The Government of India is already in process of promoting EV's and making them affordable with Phase 2 of the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles and the recent in GST rates on EVS from 12 per cent to 5 per cent is going to revitalize EV industry and sales.Welcoming the new GST rate slash on EVs, Jitendra Shah, Managing Director, Jitendra Electric Vehicles thanked Government of India, PMO, Ministry of Finance and Department of Heavy Industries for encouraging EV industry."GST on EV is now 5 per cent whereas ICE two-wheeler and three-wheeler tax is 28 per cent. The initial investment in vehicle price gap is lower it will push demand, so people will be encouraged to buy EV. We thank Government of India and GST council for their great vision and effort to safe Gard our environment. FAME-II has already motivated us to be in line with governments MAKE IN ...
