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SUV specialist Mahindra & Mahindra (M&M) has no immediate plans to go after hybrids even as car market leader Maruti Suzuki and its Japanese partner Toyota have left behind new vehicle technology and launched their new hybrid models. has received favorable response from the market for
While hybrids are only partially green, running on a combination of petrol engine and electric batteries, and resulting in 30-40% more mileage than petrol-only engines, they are tax-deductible by the government. Do not enjoy benefits.
Maruti Suzuki has entered the hybrid segment with the petrol-powered Grand Vitara SUV, which it claims can deliver a mileage of 28 kmpl. Toyota Kirloskar unveiled the Urban Cruiser Highrider a few weeks ago, which offers similar mileage.
All-electric models from Maruti and Toyota won’t debut before 2025, and so both companies have relied on hybrids for now.
Call for GST deduction.
Some domestic car companies have lobbied the government for a cut in the Goods and Services Tax (GST) on hybrids. Electric vehicles (EVs) have a GST of 5 percent and no cess, while hybrids have an applicable duty of 43 percent, which includes a 15 percent cess.
Anish Shah, Managing Director, M&M, said, “EV is something that really drives a greener environment. Hybrids only get there partially. So why do anything partially? For us, we have EV products. will come up with the best set of which will be much better than what we will do on hybrids, as we think about the transition from ICE (Internal Combustion Engine).
Maruti Suzuki claimed that of the 20,000 bookings it received for the Grand Vitara, the mid-size SUV slated for launch next month, around 45-50 per cent were for the hybrid version. The Delhi-based company maintains that hybrids provide a scalable solution for decarbonisation.
Rahul Bharti, General Manager, Corporate Strategy and Investor Relations, Maruti Suzuki, said, “If India is to decarbonise, hybrid hybrids have a big advantage as they do a good part of the work of EVs and many times more. Scalable. So, we can attack decarbonisation on a large scale. I think it’s only a matter of time before consumers see the benefit and are willing to pay more for it.”
Government support for EVs
M&M Executive Director Rajesh Jejurikar said, “Our understanding so far is that the government is committed to supporting the EV programme. We and many others are investing based on this policy. All these are worth it.” There are value investments that the country is attracting towards a defined EV policy and we hope that there will be no significant deviation from this.”
Tata Motors, India’s largest electric car maker, agrees with M&M. The Mumbai-based company will stick to fully electric technology with an eye on hybrids.
Shailesh Chandra, Managing Director, Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility, said, “As a company we will be closely monitoring how hybrids are adopted. But one thing is very clear. The auto industry With the long-term drivers and the regulations that we have, and the environmental issues, EV is the long-term view. And so, as a company, we will continue to focus on EVs.”
Published on August 5, 2022.
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