The Indian auto industry is set to witness a sea change as leading car companies across the world are now preparing to bring their electric car models to India. The domestic car companies are also gearing up to keep pace with the central government’s push for more and more electric vehicles on Indian roads. Finance Minister Nirmala Sitharaman today announced the reduction of GST on electric vehicles from 12% to 5%. She said that the government has already moved GST council to lower the GST rate on electric vehicles (EV) from 12% to 5%.
Also to make EVs affordable for consumers, government will provide additional income tax deduction of Rs 1.5 lakh on the interest paid on the loans taken to purchase EVs. Here is a list of some of the upcoming electric vehicles in India that can change the dynamics of the automobile sector:Hyundai Kona
MG Motor India announced that it will launch its first electric SUV called eZS in India by December 2019. The MG eZS that retails in international markets features a 150hp electric motor which is capable of pushing the SUV from 0kmph to 50kmph in 3.1 seconds. According to the NEDC (New European Driving Cycle), the SUV offers a total range of 335km from a single charge. The British automaker is scheduled to launch the eZS in India somewhere around December 2019 at a price point of somewhere around Rs 25 lakh.Revolt RV400
Mahindra will launch the eKUV100 in India near to the festive season this year and is expected to price the car at around Rs 7-9 lakh. The electric version of the KUV100 looks similar to the regular version except for minor design changes. Power will come from a 3-phase AC induction 31 kW electric motor coupled to a lithium-ion battery. This setup will have a range of about 140 km while with fast charging, users can charge the battery to 80% in less than an hour.Maruti Wagon R EV
Nissan India confirmed in January 2019 that the brand will be bringing their highly successful electric hatchback, the Leaf, to India this year. The Nissan Leaf is in its second generation now and has become the highest selling electric vehicle in the world. The Nissan Leaf gets a 40 kWh battery which offers a range of up to 400 kms on a single charge. Charging time of the battery is from 8 to 16 hours, depending on power capacity. The Leaf also gets a quick charging feature which charges the battery to 80% in just 40 minutes. The Nissan Leaf will be one of the premium offerings in the EV segment and will cost around Rs 30-35 lakh.
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