{"id":284902,"date":"2019-07-29T06:19:43","date_gmt":"2019-07-29T06:19:43","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=284902"},"modified":"2019-07-29T06:19:43","modified_gmt":"2019-07-29T06:19:43","slug":"hyundai-ather-energy-effect-price-cuts-on-electric-vehicle","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/hyundai-ather-energy-effect-price-cuts-on-electric-vehicle\/","title":{"rendered":"Hyundai, Ather Energy effect price cuts on Electric vehicle"},"content":{"rendered":"<p>Electric vehicle players such as Hyundai Motor India, Ather Energy have decided in favour of price cuts following GST rate cut from 12% to 5%. Welcoming the GST Council\u2019s decision to bring down the rate to 5% with effect from August 1, Hyundai Motor India,the first mover in the four-wheeler EV space, has decided to cut the prices of its just-launched Kona Electric proportionately to the rate cut to the effect of anywhere between Rs 1.3 lakh and Rs 1.5 lakh. Similarly, Hero MotorCorp-backed Ather Energy, a EV two-wheeler player, will effect a price cut of around Rs 10,000 on its products.<\/p>\n<p>An official confirmed that Hyundai India will cut the prices immediately on Kona, adding that the company is yet to arrive at price point. However, the official said it could be in the range of around Rs 1.5 lakh on Kona. SS Kim, managing director and CEO of Hyundai Motor India, said: \u201cWe welcome the GST council\u2019s historic decision to reduce the GST on EV from 12% to 5% and on EV chargers from 18% to 5%. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Electric vehicle players such as Hyundai Motor India, Ather Energy have decided in favour of price cuts following GST rate cut from 12% to 5%. Welcoming the GST Council\u2019s decision to bring down the rate to 5% with effect from August 1, Hyundai Motor India,the first mover in the four-wheeler EV space, has decided to cut the prices of its just-launched Kona Electric proportionately to the rate cut to the effect of anywhere between Rs 1.3 lakh and Rs 1.5 lakh. Similarly, Hero MotorCorp-backed Ather Energy, a EV two-wheeler player, will effect a price cut of around Rs 10,000 on [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,240,138],"tags":[],"class_list":["post-284902","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/284902","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=284902"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/284902\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=284902"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=284902"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=284902"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}