Mumbai: The Maharashtra government on Monday proposed an electric vehicle tax of more than Rs 3 million on the budget for the 2025-26 fiscal year. Deputy Chief Minister Ajit Pawar also holds the financial portfolio and proposes a budget and announces a 1% increase in auto tax on CNG and LPG vehicles.
The government also imposes a 7% tax on vehicles used for construction activities, which will generate an additional income of about Rs 1.8 crore. The state government has proposed a tax of 6% on electric vehicles over Rs 3 million and a tax of 1% on individually owned four-wheel CNG and LPG vehicles on individually owned non-traded locomotives.
The move will generate an additional revenue of approximately Rs 1.5 crore in 2025-26. Paval also announced a 7% tax on light vehicles (LGVs), carrying up to 7,500 kilograms of cargo, which would earn Rs 6.25 crore.
The government has also raised the maximum limit for automobile taxes from Rs 20 lakh to Rs 30 lakh, which is expected to generate Rs 1.7 crore in revenue.
