Home / Business / Business News / Article /
Amid rise in sales, BMW urges government to retain 5 per cent GST on EVs ahead of Union Budget 2026
Ahead of Union Budget 2026, BMW has urged the Centre to retain the 5 per cent GST on electric vehicles, citing rising EV sales, high manufacturing costs, and the importance of keeping EVs affordable for consumers while supporting industry growth
BMW India reported a 14 per cent growth in 2025, outperforming the overall market, which grew at about 5–6 per cent. Representational pic
BMW Group India has called on the Centre to maintain the 5 per cent goods and service tax (GST) on electric vehicles (EVs) in the upcoming Union Budget 2026, stressing that any increase could hamper adoption and affect the automotive industry.
Hardeep Singh Brar, president and CEO of BMW Group India, told PTI that while the government has managed the economy well, the GST rate on EVs should remain unchanged.
How do you like the new new mid-day.com experience? Share your feedback and help us improve.
Trending Stories
Latest Photos
Latest Videos
Latest Web Stories
ADVERTISEMENT
Mid-Day Fast
ADVERTISEMENT
ADVERTISEMENT