EV penetration in luxury car segment dips in GST 2.0 era as conventional engine version gains traction - ET Auto

For Mercedes-Benz India, EV penetration in its overall sales is 8 per cent but in the top-end vehicle priced above ₹1.5 crore, it is 20 per cent. Electric vehicle (EV) penetration in the luxury car segment has seen a drop by nearly 3 percentage points in the GST 2.0 era with the internal combustion engine versions offering better total cost of ownership, according to industry players. While the tr…