“Rationalisation of GST is a good idea to remove complexity and bring about uniformity and the right direction for our country. However, there are reports of tax reduction only in smaller capacity vehicles (up to 300 cc) and an increase in above 300 cc. Since the majority of the market, over 2 crore per annum, is already in the lower category, there is no need to create this divide and a mid ground but common tax should be implemented.”
“Moreover, we still need to support EVs. EVs, after all these years of subsidy, are finally getting accepted and growing; however, penetration is still in single digits at 9 percent. Hence, we should consider subsidy continuation and enhancement for 5 years clearly, till there is a 40–50 percent shift to the same. For funds, therefore, we needn’t rationalise from 28 to 8 but can instead make a common 15 percent for petrol and enhance subsidy back to Rs. 15,000 per kWh. This will serve all purposes.”