Uttar Pradesh waives registration fees on hybrid cars, boosting Maruti Suzuki shares by 6%.
Maruti Suzuki shares surged 6% to Rs 12,736 on the BSE after Uttar Pradesh (UP) state government waived registration fees on hybrid cars. This move aims to promote green technology and could reduce on-road prices of strong hybrid cars by up to Rs 4 lakh in Uttar Pradesh. The UP government's decision to waive registration fees benefits car manufacturers like Maruti Suzuki, Toyota, and Honda Cars.
July 09, 2024
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