The Society of Manufacturers of Electric Vehicles (SMEV) on Saturday welcomed the reduction of GST on electric vehicles to 5 per cent, saying it is in line with the government's steps to promote eco-friendly mobility, even as it sought a similar cut in spare batteries. SMEV director general Sohinder Gill said with the reduction in GST, the gap between prices of EVs and internal combustion engine vehicles will also be reduced and will thus play a part in faster adoption of electric mobility.Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News
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