In a significant move to promote green transportation and incentivize the use of eco-friendly vehicles, the Uttar Pradesh government has introduced a UP Road Tax Waiver Policy 2024, which includes a 100 percent waiver on road tax for strong hybrid electric vehicles and plug-in hybrid electric vehicles, with a specific focus on boosting the adoption of hybrid cars. This monumental decision is poised to reshape the automotive landscape in the state and drive the transition towards sustainable mobility.
The new policy is set to benefit a wide range of hybrid cars offered by leading automakers such as Maruti, Toyota, and Honda, positioning Uttar Pradesh as a beacon of environmentally conscious automobile policies. For instance, popular hybrid models like the Grand Vitara from Maruti Suzuki, as well as the Innova Hycross and Urban Cruiser Hyryder from Toyota, are expected to witness a surge in demand owing to the significant reduction in registration fees resulting from the road tax waiver.
In practical terms, the road tax waiver policy will render a substantial decrease in the registration costs for hybrid trims, with average savings in the range of Rs 1.80 lakh for models like the Grand Vitara and Urban Cruiser Hyryder in Uttar Pradesh. Additionally, buyers of the Innova Hycross and Invicto could potentially realize savings of up to Rs 3 lakh in overall on-road prices, contingent on the selected variant, further enhancing the attractiveness of hybrid vehicles in the state.
Importantly, the amendment to the existing EV policy encompasses a valid timeframe for the relaxation in registration costs, set to extend until October 2025. This strategic move is expected to propel sales of strong hybrid vehicles in Uttar Pradesh, as highlighted by the Federation of Automobile Dealers Associations (FADA), which anticipates a considerable upsurge in demand despite the current relatively small market. By offering this policy, Chief Minister Yogi Adityanath’s administration is demonstrating commitment to supporting the auto sector and encouraging environmentally responsible consumer choices.
Echoing industry sentiment on this transformative decision, Kunal Behl, Vice President of Marketing & Sales at Honda Cars India, underscored the significance of the Uttar Pradesh government’s 100 percent road tax waiver on strong hybrid vehicles.
Behl emphasized that this move aligns with Honda’s comprehensive vision for sustainable mobility and represents a crucial milestone decision that will drive the adoption of eco-friendly vehicles in the state. He further stressed that the waiver policy provides a strategic push towards achieving Honda’s global commitment to zero carbon emissions by 2050, positioning Uttar Pradesh as a key contributor to the collective effort in combating climate change.
In conclusion, the UP Road Tax Waiver Policy 2024 symbolizes a significant leap towards a greener future for Uttar Pradesh, laying the groundwork for a transformative shift towards sustainable transportation and reinforcing the state’s commitment to environmental conservation and responsible governance.
