India, March 11 -- The Maharashtra government has announced plans to levy a "vehicle tax" of 6% on electric vehicles (EVs) priced above INR 30 Lakh.

"It is proposed to levy motor vehicle tax at the rate of 6% on electric vehicles priced above Rs. 30 lakhs," said state finance minister (FM) Ajit Pawar during his budget speech on Monday (March 10).

The changes will be implemented starting April 1. As per a report in The New Indian Express, Pawar said that the proposed taxes on EVs will help the state government generate an additional INR 170 Cr annually.

As per media reports, Maharashtra chief minister Devendra Fadnavis said, "The tax is levied only on EVs which are priced above INR 30 Lakh because it's luxury and not below that".

The v...