The Hyundai Kona all-electric car was launched in India just a few days back at a starting price of Rs. 25.30 Lakhs. Now there is news that the price of the car could well come down by as much as Rs.1.40 lakhs in the coming weeks.
This might happen because of a proposal to cut down GST on electric vehicles from existing 12 percent to 5 percent. Right now this is only a proposal, but if this proposal is accepted then Hyundai would pass on the benefits to its customers.
Another proposal doing rounds could benefit Kona or electric car buyers is that govt is pondering on giving deductions of up to Rs.1.5 lakhs on taxable income on loan taken to buy electric cars. So it seems happy days are ahead for electric car buyers.