Nitin gadkari's green move: 10% tax on diesel engines to promote green transportation
Delhi : Today on Tuesday, Nitin Gadkari India's minister of road transport, called for a switch away from harmful fuels like gasoline and diesel. He continued by saying that if diesel-powered vehicles and generators were to continue to be overused, he may consider suggesting an additional 10% fee on them as a "pollution tax." Following the announcement, shares of Tata Motors and Maruti Suzuki fell precipitously.
Gadkari stated, "I am going to hand over a letter to the Finance Minister this evening stating that an additional 10% GST be put on diesel-powered vehicles," at the 63rd Annual SIAM Convention.
He added, "Hope automobile industry will take suo moto initiative to cut down diesel usage," to the effect that "We will increase tax on diesel to the extent it will be difficult to sell it."
Later in the day, the minister said, he will bring up this idea with the finance minister.
Say farewell to diesel, he continues, emphasizing that it is a dangerous fuel and makes the nation dependent on imports. Gadkari pleaded with them to stop, warning that doing otherwise would only result in a tax hike that would make it harder to sell diesel vehicles.
The minister went on to say that there is currently no such idea, though.
There is an immediate need for clarification on media reports that suggested adding 10% more GST to the sale of diesel autos. It is crucial to make it clear that the government is not now actively considering any such plan. It is crucial to aggressively support cleaner and greener alternative fuels in order to meet our goals to reach Carbon Net Zero by 2070, reduce air pollution levels brought on by dangerous fuels like diesel, and keep pace with the explosive boom in vehicle sales. In a message on X, formerly known as Twitter, he stated that these fuels "should be import replacements, cost-effective, indigenous, and pollution-free.
Currently, cars are subject to a 28% GST as well as an additional cess, which can range from 1% to 22% depending on the kind of vehicle. SUVs are subject to the highest tax rate (28% GST plus 22% kind of vehicle).
