 "The Mahindra e2o electric car on display at a showroom in Mumbai. | Photo: Reuters")
The government’s decision against formulating an electric vehicle policy may not be good news for Mahindra and Msportsra (M&M), the country’s biggest electric car maker. But a bigger setback could be around the corner for the sport utility vehicle (SUV) major.
The government is considering levying a goods and services tax (GST) cess on passenger vehicles (PV) based on length and carbon dioxide (CO2) emission from FY19 against the current criteria of length and engine capacity. This proposal in the draft auto policy will impact M&M more than any other player in the Indian PV market. M&M is the third-largest
