Electric mobility right step in right direction, says M&M's Rajesh Jejurikar

Rajesh Jejurikar

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26 Aug, 2025 12:21

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Mahindra & Mahindra on August 15 came out strongly in support of electric mobility, and said it is a right step in the right direction for the country, and supporting electric mobility is in the best interest of the nation.

"The right direction for the country is EV focus and we believe that is what the government should support," M&M's Executive Director and CEO for auto and farm director Rajesh Jejurikar told reporters.

He was responding to a query regarding the Mumbai-based auto major company's stand on the Uttar Pradesh government announcing registration waivers for hybrid vehicles.

The government in Uttar Pradesh, which accounts for 10 percent of India's car sales, has come out with a full road tax waiver on the purchase of a hybrid car in the state.

ALSO READ: Setback for M&M, Tata as UP says no rollback on hybrid car tax relief: Report

Carmakers such as Tata, M&M, Hyundai, and Kia Motors have lobbied the state, which accounts for 10% of India's car sales, to remove the incentive, arguing it would make it harder to reach India's targets for adopting fully electric cars and hit investment plans.

The move has been opposed by various automakers investing in electric mobility fearing other states could also follow the suit.

"We are at a stage where we believe that the EV roadmap can be very strong with the right product and that's in the best interest of the nation and that is the stated national priority and we are very focussed on it," Jejurikar said.

Hybrid vehicles are powered by an internal combustion engine and one or more electric motors, which use energy stored in batteries.

For long, the companies manufacturing hybrid vehicles have been seeking parity in terms of taxation with electric vehicles.

Currently, the total tax incidence on hybrid vehicles in the country is 43 percent, which is inclusive of GST and just below the 48 percent rate for petrol cars, while battery electric vehicles attract a tax of about five percent.

(With PTI and Reuters inputs)