Tax Structure Changes - Business Outrank

Volvo Car India is ready to introduce plug-in hybrid vehicles in India, but only if the current tax structure becomes favorable, said Managing Director Jyoti Malhotra. Speaking at the launch of the refreshed XC60—now priced at ₹71.9 lakh—Malhotra emphasized that while Volvo’s global portfolio includes plug-in hybrids, India’s existing tax framework makes their introduction challenging. Under present regulations, hybrid passenger vehicles exceeding 4 meters in length or equipped with engines larger than 1200cc (petrol) or 1500cc (diesel) are taxed at 28% GST plus an additional 15% cess. “With the current structure, mild hybrids offer the best value to our customers,” Malhotra said. The updated XC60, assembled at Volvo’s Bengaluru facility, features mild hybrid technology for this reason. However, he confirmed that Volvo is keeping a close watch on policy changes and would consider plug-in hybrids if conditions improve. Malhotra welcomed increased competition from brands like Tesla, saying, “India needs more players. It gives customers more choice.” He also noted a growing interest in electric and new-generation vehicles over the past 6–7 months, adding that a vibrant EV market benefits consumers and accelerates green mobility adoption.

What's Hot

Renault Eyes India as Export Powerhouse with Full Ownership of Chennai Plant

Amazon Faces Investor Jitters Despite Revenue Beat Amid Tariff and AI Spending Concerns

Volvo India Open to Plug-in Hybrids If Tax Structure Changes, Says MD

Virus Susceptibility in Species: Study Reveals Surprising Findings

Effective Yoga Poses to Naturally Manage Blood Sugar Levels

Health Budgets Of States Fall Below 8%, Missing National Health Policy Targets

The Connection Between Diet and Organic Skincare – Foods for Healthy Skin

Priyanka Chopra’s Stunning Desi Look Steals the Spotlight at Her Brother’s Wedding Festivities

Jana Nayagan: Vijay Wields a Whip in Stunning 2nd Look Poster, Thrilling Fans

Assam’s Jatin Goswami Honored with Padma Bhushan for Sattriya Legacy

Vijay Vikram Singh Urgently Appeals for Respect Amidst Intense Backlash from Rajat Dalal Fans: ‘I Am Not Bigg Boss

Hindon: Incredible Air India Express Flights to Start from March 1 with Low Fares

Indian government approves Singapore Airlines bid to merge Vistara and Air India

Independence Day and Raksha Bandhan Fuel Airbnb Travel Rush

Virus Susceptibility in Species: Study Reveals Surprising Findings

Hindon: Incredible Air India Express Flights to Start from March 1 with Low Fares

Bachchan’s ₹83 Crore Duplex Sale Sparks Unbelievable Investment Growth

Kartik Aaryan’s Fitness Secret: How He Achieved a Stunning Transformation

Browsing: Tax Structure Changes

Volvo India Open to Plug-in Hybrids If Tax Structure Changes, Says MD

Renault Eyes India as Export Powerhouse with Full Ownership of Chennai Plant

Amazon Faces Investor Jitters Despite Revenue Beat Amid Tariff and AI Spending Concerns

Volvo India Open to Plug-in Hybrids If Tax Structure Changes, Says MD

Mahindra Vehicle Sales Surge 26% in July, SUV and Tractor Demand Drive Growth

Our Picks

Renault Eyes India as Export Powerhouse with Full Ownership of Chennai Plant

Amazon Faces Investor Jitters Despite Revenue Beat Amid Tariff and AI Spending Concerns

Volvo India Open to Plug-in Hybrids If Tax Structure Changes, Says MD

Most Popular

Renault Eyes India as Export Powerhouse with Full Ownership of Chennai Plant

Harvesting Hope: Rahul Gandhi’s Empathy in Action with Farmers before 2024 Elections

Is Modi Afraid? Congress Leader Accuses PM of Targeting Rahul Gandhi

Subscribe to Updates

What's Hot

Browsing: Tax Structure Changes