Tax sops on petrol, diesel cars to put EVs under festive season strain

Mumbai: Electric carmakers may be forced to offer more discounts or adjust pricing strategies this festive season following the goods and services tax (GST) rate rationalisation. With automakers announcing price cuts on petrol, diesel, and CNG cars to pass on the benefits of lower GST rates wth effect from September 22, the price gap of internal combustion engine (ICE) cars has widened with electric vehicles, making the latter less attractive to buyers, at least in near term.