Automobile Industry Advocates 5% GST for Flex-Fuel Two-Wheelers
The automobile industry in India has requested a 5% Goods and Services Tax (GST) on two-wheelers running on flex fuel, similar to electric-powered vehicles.
The automobile industry in India has requested a 5% Goods and Services Tax (GST) on flex fuel two-wheelers, similar to electric-powered vehicles. Flex fuel vehicles run on a blend of petrol and ethanol, and the industry is seeking a price guarantee on fuel for these vehicles, with a 35% lower price than E10 fuel. This would help to offset the loss in fuel efficiency that flex fuel vehicles experience.
The government is considering the industry's request, as it would help to reduce oil imports and provide farmers with an additional source of income. Flex fuel vehicles are a promising alternative to traditional petrol and diesel vehicles, and the government is keen to promote their use.
Here are some of the key points of the content:
- The automobile industry has requested a 5% GST on flex fuel two-wheelers.
- Flex fuel vehicles run on a blend of petrol and ethanol.
- The industry is seeking a price guarantee on fuel for flex fuel vehicles, with a 35% lower price than E10 fuel.
- This would help to offset the loss in fuel efficiency that flex fuel vehicles experience.
- The government is considering the industry's request.
- Flex fuel vehicles are a promising alternative to traditional petrol and diesel vehicles.
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