Maruti Suzuki India Chairman RC Bhargava on Tuesday said the reported 100 per cent registration waiver for hybrid vehicles by the Uttar Pradesh government recognises the fact that multiple technologies are required to reduce carbon emissions and oil imports.
According to reports, the Uttar Pradesh government has announced a 100 per cent registration tax waiver on hybrid vehicles leading to a drop in prices of models by up to Rs 3.5 lakh.
When contacted, Bhargava told PTI that the step taken by the UP government would also inspire other states to consider such proposals.
"The UP government action is the first instance where a state government has realised and acted on the fact that multiple technologies are required for reduction in carbon emissions and oil imports," he stated.
Electric cars are not the only option, there are other effective technologies like hybrid cars to tackle the issue, Bhargava asserted.
On Tuesday, Maruti Suzuki shares jumped 6.6 per cent to settle at Rs ...
