Green GST tax may help buyers shift towards greener cars, says Vikram Pawah, president of BMW Group India
green GST (goods and services tax)' on cars-where the tax rate goes up or down based on the vehicle's emission levels-will be the ideal path towards achieving carbon neutrality, said Vikram Pawah, president of BMW Group India.
The gradient will incline consumers towards buying greener cars, he told ET.
«Ideally there should be a green GST...the greener the car, the lower is the GST,» Pawah said on the sidelines of the launch of the BMW M4 CS high-performance sedan in Mumbai.
«If you have that gradient, people will automatically choose and migrate towards green cars,» he said. «I've always said this, and I have openly requested the government to look at a green GST regime. I think that will benefit more, instead of the size of the car or size of the engine. You then really move towards the aim that we have for the economy-to become carbon neutral. This would help in bringing more latest technologies available for a customer (at an affordable price).»
Priced at ₹1.89 crore (ex-showroom in Mumbai), the M4 CS is the 25th new model launched by the German luxury carmaker in India in the current calendar year.
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