Planning to buy e-vehicle? EV firms trim prices after GST breather

Owning an electric car and two-wheeler will now be easier on the wallet. With a steep reduction in the GST (goods and service tax) rate taking effect, manufacturers of EVs have reduced prices of their models — up to Rs 80,000 for e-cars and up to Rs 9,000 for e-two-wheelers. 

In a bid to spur the EV demand, Union Finance Minister Nirmala Sitharaman had announced a reduction in GST on EVs from 12 per cent to 5 per cent in her maiden Budget.

Sohinder Gill, director general at Society of Manufacturers of Electric Vehicles (SMEV), said EV makers, which mainly