Share of biofuel will be 50% of fossil fuels in five years, says minister
Cars and two-wheelers attract 28% GST and a cess in the range of 3-22%, taking the effective tax rate to up to 50%
Will be a political call now; state finance ministers to decide on September 20
Siam says full electric mobility possible by 2047
Auto companies may pass on impact of cess increase to buyers
This cess would be over and above the peak GST rate of 28 per cent on these vehicles
Prices of used cars moved up due to a 20-33% increase in tax in comparison to the pre-GST levels
Mercedes-Benz, Volvo, Skoda become first to implement uniform prices; Maruti, Hyundai yet to do so