Mumbai, March 10: The Maharashtra government on Monday proposed a 6 per cent tax on electric vehicles priced more than Rs 30 lakh in the budget for the fiscal 2025-26. Deputy Chief Minister Ajit Pawar, who also holds the finance portfolio, tabled the budget and 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. Ola Electric Shares Drop by Nearly 4% Amid Reports of Raids, Vehicle Seizures and Showroom Closures.

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. Tata Harrier EV Launch Soon in India, Production-Ready Model Showcased; Know What To Expect.

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.

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