It is a well-known fact that in India, since the last few years, many unemployed young individuals have bought electric rickshaws and have become self-employed. Hence, the markets of the electric rickshaw in Bihar and battery-operated rickshaw in Jharkhand have experienced an amazing growth within a short period of time. The prices of E-rickshaws in India vary from INR 1 Lakh to INR 1.5 Lakh. Therefore, many young people of poor families take loans from various banks and money lenders. But, now, if you want to buy an E-rickshaw, you don’t need to shell out any extra amount of money.
Why E-rickshaws will become more affordable?
On July 27th, 2019, it has been declared that the tax rates for E-vehicles will be slashed from 12% to 5%. Following the order of Finance Ministry of Government of India, The Goods & Service Tax (GST) Council has decided to reduce the GST rates on all types of electric vehicles, their chargers and a few other accessories. The new tax rates will be implemented on 1st August 2019.
To control pollutions, it is necessary to reduce the uses of petrol and diesel vehicles. These vehicles now attract 28% GST along with a CESS. But, the costs of electric vehicles are too much high. So, a lower duty can reduce the price gap between electric vehicles and the vehicles which run on fossil fuels.
As E-rickshaws are battery-operated vehicles, their prices will also go down due to reduced GST rates.
Impacts
E-rickshaws are most popular public transport vehicles in states like Bihar, Jharkhand, West Bengal and Orissa. A huge section of commuters ride these vehicles to reach various nearby destinations. For this reason, a lot of young people ferry passengers and earn their livelihoods. Now as the GST rates will go down, many more unemployed individuals can buy these vehicles and can get self-employed.
Due to reduced GST rates, the volume of sales of E-rickshaws and other types of electric vehicles will increase rapidly. Hence, employment opportunities will increase and improved trading activities will make the transport economy stronger.
Why Jezza Motors?
Jezza Motors is one of the most reputed manufacturers of Electric Rickshaw and Spare Parts in Eastern India. We offer world-class products at affordable rates. But, after reducing the GST rates, the prices of all of our products will go down further. You can buy charging kits and can avail our maintenance services too.
Hence, don’t lose this opportunity and reach us today to experience the quality and features provided by the world’s latest technologies and engineering skills at Jezza Motors.
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