Nitin Gadkari proposes a tax reduction for hybrid vehicles to 12% from 28%/43% for sub-4m and above 4m hybrid vehicles, respectively If the proposed policy of 12% GST on hybrid vehicles is implemented, the ex-showroom prices of the hybrids are likely to come down by 21% TCO of the Maruti Suzuki Grand Vitara will improve by 18% if the proposed policy of 12% GST were to be implemented for hybrid vehicles TCO of top variant in hybrid for Maruti Suzuki Grand Vitara will be 16% lower than the mid variant of Tata Nexon EV
Source: Kotak sec
View: Positive for Maruti Suzuki. Share already given breakout at 11500 level and continuously making new high on every day.
