Blow for Tesla, BMW as panel for steep levies on luxury EVs

Blow for Tesla, BMW as panel for steep levies on luxury EVs

An Indian tax panel has proposed steep increases in consumer levies on luxury electric cars priced above $46,000, a document showed, a move that could impact sales of carmakers such as Tesla, Mercedes-Benz, BMW and BYD. The key panel tasked with making rate suggestions to the GST Council has backed sweeping cuts to many items, but calls for raising taxes on electric cars, the government document showed

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