The Goods and Service Tax Council needs to remove the existing discrepancies for electric vehicles and their components, SUN Mobility’s co-founder Chetan Maini said. In an interview with DH’s Anjali Jain, Maini, who had founded India’s first electric car maker Reva (which was later acquired by Mahindra), spoke about SUN Mobility’s expansion plans, and said that the industry is expecting a comprehensive EV policy from the government.
Edited excerpts.
What does the industry want from the proposed policy regulations?
There are 3-4 areas where a level playing field does not exist. If you buy a vehicle, without the batteries, the battery cost is 18%. And the vehicle cost is 5%. But together, the whole thing is taxed at 5%. There’s a 13% higher taxation on the battery.
