Up to Rs 10 lakh more tax on luxury cars in this Indian state: Here’s why
Starting today, owning a luxury car or a commercial goods vehicle in Maharashtra will become significantly more expensive, as the state government’s revised one-time tax structure comes into effect.According to officials, as reported by PTI, the upper cap for one-time registration tax has now been increased from Rs 20 lakh to Rs 30 lakh. This means that high-end cars priced above Rs 20 lakh will now attract much steeper taxes, adding up to Rs 10 lakh more to the cost of some models. For example, a petrol car priced at Rs 1.54 crore or a diesel vehicle costing Rs 1.33 crore could now see a one-time tax bill exceeding Rs 20 lakh.For cars registered under an individual’s name, the one-time tax structure has been divided into three slabs. Petrol cars under Rs 10 lakh attract 11% tax, those between Rs 10–20 lakh are charged 12%, and anything above Rs 20 lakh is taxed at 13%. Diesel cars, on the other hand, are taxed at 13%, 14%, and 15% respectively across the same price bands.Meanwhile, vehicles imported into the country or registered under a company name face a flat 20% one-time tax, regardless of whether they run on petrol or diesel. CNG and LNG vehicle owners will also feel the pinch, with the state levying an additional 1% tax across all segments.
Goods carriers such as pickup trucks, tempos, and construction vehicles will now be taxed based on their ex-showroom price instead of gross vehicle weight. These vehicles will be taxed at 7% of their value. For instance, a pickup truck priced at Rs 10 lakh, which earlier attracted tax of around Rs 20,000, will now cost the owner approximately Rs 70,000 in taxes.Electric vehicles, however, remain unaffected. Despite an earlier proposal to impose a 6% tax on EVs priced above Rs 30 lakh, the state has withdrawn that plan. This means EV buyers will continue to enjoy complete exemption from one-time registration tax in Maharashtra.
