Volvo, the Swedish car manufacturer, has said that the benefits of the lower excise duty should be there for the hybrids car too. As of now, these benefits are limited only to the electric cars in the country.
Volvo believes that if the Government of India is determined to a cleaner and greener future, it is necessary to extend the benefits of the excise duty to the hybrids as well as for its mild versions. The company also said that it will be a positive step to promote the usage of cleaner-fuel technologies in the country.
The Government of India has already announced that it is concentrating towards going all-electric by the end of 2030. The taxes of the electric cars are highly-concessional, a mere 12 percent, while the hybrid cars are lined-up with luxury cars at 43 percent tax. However, Volvo’s MD said that this benefit should be given to hybrid cars as well as they are also less harmful to the environment.
Volvo has cleared that it will be eliminating the cars running with only petrol and diesel fuels and concentrating to expand its line-up of EVs, hybrids and mild hybrids. It believes that directly jumping into the all-electric mobility will take some time and thus hybrid cars will act as an intermediate technology towards the smooth transition.
Volvo has recently launched the new generation of its popular SUV, Volvo XC60 in the Indian market. As of now, it has launched the diesel version only but has promised to introduce a hybrid version soon. The SUV has been priced at Rs. 55.90 lakh (ex-showroom, Delhi).