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The Maharashtra government has proposed a 6 per cent tax on electric vehicles above Rs 30 lakh and a 1 per cent tax hike on individual-owned non-transport four-wheeler CNG and LPG vehicles.
The move to impose extra tax will generate an additional revenue of about Rs 150 crore in 2025-26.
As Maharashtra Finance Minister Ajit Pawar tabled the state budget 2025-26 on Monday, he said the state government proposed a 6 per cent tax on electric vehicles priced more than Rs 30 lakh. Pawar, who is also the state’s deputy chief minister, also announced a 1 per cent hike in the Motor Vehicle Tax on CNG and LPG vehicles.
The government has also proposed a 7 per cent tax on vehicles used for construction activities, which will generate additional revenue of approximately Rs 180 crore.
The state government has proposed a 6 per cent tax on electric vehicles above Rs 30 lakh and a 1 per cent tax hike on individual-owned non-transport four-wheeler CNG and LPG vehicles.
The move will generate an additional revenue of approximately Rs 150 crore in 2025-26.
Pawar also announced a 7 per cent tax on light goods vehicles (LGVs) carrying goods up to 7,500 kg, which will earn the state Rs 625 crore.
The government has also increased the maximum limit of the Motor Vehicles Tax from Rs 20 lakh to Rs 30 lakh, which is expected to generate a revenue of Rs 170 crore.
Maharashtra Finance Minister Ajit Pawar, who is also the deputy chief minister of the state, on Monday presented his 11th and the newly-formed Mahayuti government’s first state budget in the assembly. Presenting the state budget 2025-26, Pawar announced multiple infra projects and said Maharashtra’s new industrial policy will focus on Rs 40 lakh crore investment and generation of 50 lakh jobs.
“I am presenting the budget for the financial year 2025-26. Maharashtra will be number one in fulfilling the Prime Minister’s dream of a developed India by 2047,” Pawar said in the state Assembly. He said Maharashtra is number one in foreign direct investment. In Davos, Maharashtra signed MoUs with 56 companies worth Rs 15.72 lakh crore, which will employ 16 lakh people.
(With PTI Inputs)
