*JSW Group just joined the hybrid camp which until now had all Japanese giants* - Maruti Suzuki, Toyota and Honda. There is a slight difference though. -> Japanese giants have been lobbying for hybrids to be treated on parity with EVs -> They want the GST on the same to be brought down from 43% (including cess) to 5% as for EVs -> But, having lined up the launch of SAIC’s widely successful Chinese hybrids in India, JSW Group’s MG Motor India has asked for the same with a sunset clause of 3/5yrs, post which the lower tax will only apply to EVs And this, might be more palatable to the policymakers, maybe? After all, the cam could anyway go to the policymakers 5yrs down and lobby again for an extension right? .. *Meanwhile, both camps have been lobbying across states, with a mixed response.* -> In UP, the Govt decided to lower its share of taxes and charges on hybrids to the levels of EVs -> Meanwhile, in Andhra Pradesh, the new state Govt has ruled out the same, with a clear policy in favour or EVs -> And there is buzz, that Karnataka Govt might go the UP way here. Thus, a lot of intense lobbying is underway across state Govts .. *Just for context:* If you look at China, the Govts there have chosen to favour hybrids just as much as EVs. Thus, even though 60% of all new cars sold there are one of these two, a bigger chunk of the pie is made of plug-in hybrids. And same will also happen in India - parity in tax levels will dent the growth in demand for pure EVs in favour of hybrids. Thus, it will be very exciting to track the decisions on this, state by state. What do you think? .. *Support my work:* https://t.ly/SUPPORTjay *Check my work with:* - 3.1k+ on Decoding The Dragon (https://t.ly/chnwj) - 2.7k+ on Deepdives with Jay (https://t.ly/dwj) - 2.1k+ on BharatNama (https://t.ly/bwj) Best, Jayant Shilanjan Mundhra