cars
New Tax Structure For Imported Luxury EVs in Budget 2026
Why this matters: an automotive development that could shape industry direction or buying decisions.
The Budget 2026-27 has changed the tax structure for imported electric vehicles in completely built-up (CBU) form, especially premium EVs priced above Rs. 2 crore. In simple terms, the government has reduced customs duty on CBU EVs, but introduced Federal Excise Duty (FED) on higher-value electric v
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