Maharashtra: 6% tax on Rs 30L+ EVs, CNG/LPG vehicle tax hiked

The maximum limit of the Motor Vehicle Tax has been increased from Rs 20 lakh to Rs 30 lakh.

The Government of Maharashtra, in its budget for the financial year 2025-26, has proposed a tax hike on EVs, CNG and LPG-powered vehicles.

In his budget speech, Deputy Chief Minister Ajit Pawar, proposed a 6% tax on EVs priced more than Rs 30 lakh. The government also plans to increase the tax on LPG-powered and individual-owned non-transport 4-wheeler CNG vehicles by 1%. This is expected to generate approximately Rs 150 crore in additional revenue.

The government has also proposed a 7% tax on construction vehicles and light goods vehicles carrying up to 7,500 kg.

Besides this, the maximum limit of the Motor Vehicle Tax has been increased from Rs 20 lakh to Rs 30 lakh in the new budget. With this move, the government expects to generate a revenue of Rs 170 crore.

Source: ET