Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2018        Go!    
 
 
September 18, Tuesday 2018 7:04 PM       

       HEADLINES: Lookout notice against eight in Abhimanyu case                                              Modi returns thanks to Mohanlal's birthday tweet                                              If Sabarimala pilgrim is changed to Vavaru Mosque pilgrimage, bus charge will come down: Ali Akbar                                              Thachankary seeks Lord Ayyappa's blessings, justifies bus charge hike                                              Jalandhar bishop calls nun ‘troublemaker’ in anticipatory bail plea                                              SC notice to Centre on plea seeking ban on 85 pesticides                                              Court summons Lalu, others as accused in IRCTC money laundering case                                              Bihar CM Nitish Kumar admitted to AIIMS                                              PM's silence on gangrape unacceptable; shameful govt leaves India's women unprotected: Rahul                                              Germany rolls out world's first hydrogen train                                              Imran Khan govt auctions 70 luxury cars as part of austerity drive                                              Nepal: Madhesis confident of govt addressing their demands                                              Archery coach Teja, athletic's Pannu recommended for Dronacharya Award                                              High expectations made me anxious: Ronaldo after Juventus goals                                              Kaumudi Facebook
       AUTOMOBILE Next Article: Toyota to build test track for self-driving cars  
       Favourable taxation structure pre-requisite to launch EVs in India: Mercedes
 
         Posted on :21:56:13 May 6, 2018
   
A A
       Last edited on:21:56:13 May 6, 2018
         Tags: Favourable taxation, EVs in India, Mercedes
 

NEW DELHI: German luxury carmaker Mercedes-Benz can drive in a fully electric vehicle to India as early as next year depending on a favourable taxation structure for such vehicles in the country, a top company official said.

Globally, the company is developing a range of electric vehicles and expects that by 2022, around 20-25 per cent of its total sales worldwide would come from electric vehicles (EVs).

"We believe in electric vehicles. Globally, we are putting in resources to develop EVs. By 2022-24, we are going to have 15-20 completely new such models. We strongly believe that 20-25 per cent of our volume by 2022 might be EVs. We are gearing up in that direction globally. In India, it all depends again on taxation," Mercedes-Benz India MD and CEO Roland Folger told.

He added that currently there is no inherent interest to switch to EV segment among buyers in the country and that to make the segment attractive there is a need to have such vehicles on the ground.

"By 2019, we can bring in our first electric vehicle (In India) and with attractive range...But there are lots of things in India which we need to clarify," Folger said.

When asked about specific things that the company would look at before bringing in the EV, Folger said: "We would need a solution which lets us bring in the CBU vehicles. You need to start small and then grow organically. You cannot do that if the only benefits available currently would go into locally manufactured vehicles."

He said that the fully imported completely built units (CBU) of EVs should be treated at par in terms of taxation with locally manufactured vehicles supporting green technology.

"When we reach a certain volume, say 600 units on CBU basis, then we can turn it into local manufacturing as well," Folger added.

He said that currently launching an EV does not make sense as even a mid-sized EV would be as expensive as a S-Class sedan.

Under the current GST regime, EVs attract a tax of 12 per cent. Imported cars on the other hand attract custom duty of 60 per cent and 100 per cent depending upon the price and size of the engine.

In the Budget for 2018-19, the government has also increased customs duty on CKD (completely knocked down) imports of motor vehicles, motor cars, motor cycles from 10 per cent to 15 per cent.

Further, duty on CBU (completely built units) imports of motor vehicles (trucks and buses) was hiked from 20 per cent to 25 per cent.

The Indian government had last year said it plans to have 100 per cent electric vehicles in public transport and 40 per cent in personal mobility by 2030.

However, earlier this year it changed its stance and decided against formulating an electric vehicle (EV) policy saying technology should not be trapped by rules and regulations.

A A
       AUTOMOBILE
Next Article: Toyota to build test track for self-driving cars
 
 
AUTOMOBILE HEADLINES
Gill holds on to lead in Maruti Suzuki Dakshin Dare  
Honda Navilution sale crosses one lakh mark  
Tata Motors plans to roll out 10-12 new passenger vehicles in next 5 years  
Harley seeks alliance for lightweight bikes to grow India business  
Maruti Suzuki to Recall 1,279 units of new Swift and Dzire models  
Hyundai to drive in an electric SUV in India next year  
New Fiat Chrysler boss set to stay on course in post-Marchionne era  
Passenger vehicle sales rise 38% in June; car sales up 34%  
Hyundai crosses 8 mn cumulative production milestone in India  
India could have 10 million CNG vehicles on roads by 2025: Report  
Apple signs deal with Volkswagen for driverless cars  
Toyota Yaris launched at a starting price of Rs. 8.75 lakhs  
Honda drives in new Amaze; to launch six new models in three years  
Tesla sets up Shanghai firm as it expands China presence  
Volkswagen to recall 410K cars over faulty seat belts  
Terra Motors raises 10 million dollar fund to expand in Asian market  
CarToq emerges as the largest, most-engaged automobile platform in India  
Favourable taxation structure pre-requisite to launch EVs in India: Mercedes  
Toyota to build test track for self-driving cars  
Skoda eyes up to 10% growth in 2018  
China considering cutting duty on imported cars by about half  
Triumph Motorcycles India eyes 10% growth  
Dream job: Harley-Davidson interns get a free motorcycle  
BMW expects 50% of sales in India to come from X series SUVs  
First years’ service for smallest Rolls-Royce  
 
Do you think forced salary challenge is acceptable in the current situation?
yes
 
not
 
don't know
 
 
 
Home Kerala India World Business Sports Sci&Tech Education Automobile CityNews Movies Environment Letters 
© Copyright keralakaumudi Online 2011  |  Reproduction in whole or in part without written permission is prohibited.
Head Office Address: Kaumudi Buildings, Pettah P.O, Trivandrum - 695024, India.
Online queries talk to Deepu Sasidharan, + 91 98472 38959 or Email deepu[at]kaumudi.com
Customer Service -Advertisement Disclaimer Statement   |  Copyright Policy