India, Sept. 5 -- With the central government retaining the 5 per cent Goods and Services Tax (GST) on the electric vehicles, the industry has welcomed the decision and has said that it will help in decarbonizing the future of India.

On September 3, the finance minister Nirmala Sitharaman came up with 'historic' reforms into the GST for the first time ever since it was introduced in 2016. Sitharaman came up with two slabs including 5 per cent and 18 per cent and removed the old four slab GST system that included 5 per cent, 12 per cent, 18 per cent, and 28 per cent.

Speaking to Tehelka, Santosh Iyer, Managing Director & CEO, Mercedes-Benz India said that we are thankful to the government for keeping GST rate for BEVs unchanged, ensuring...