Audi India Advocates for Continued Lower GST on EVs Amid Growth Ambitions
Audi India Head Balbir Singh Dhillon emphasizes the need for continued lower GST for electric vehicles to boost industry growth. Audi focuses on petrol and electric models, aiming for significant sales increases by 2030. The automaker recently reached a sales milestone, highlighting their market success and future plans.
- Country:
- India
Audi India is calling for the continuation of lower GST rates for electric vehicles until the industry reaches self-sustainability, according to its head, Balbir Singh Dhillon. The move, he believes, is crucial for achieving significant market penetration.
Dhillon noted subsidies are essential for the growth of the EV sector until a robust market share is attained. Currently, electric vehicles account for just 3 per cent of Audi's sales in India, but the company aims to boost this figure dramatically by the next decade.
Marking a major milestone, Audi India announced the sale of its 100,000th vehicle in the country. Dhillon asserted this achievement underscores the brand's reliability and strong market position, highlighting their future plans to expand their electric vehicle range.
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