Maruti Suzuki tops Nifty rate of increase in UP state in India due to exemption from registration fees for hybrid cars

This measure will benefit Maruti Suzuki's SUVs, Grand Vitara and MPVs, and Invict equipped with powerful hybrid technology.

Maruti Suzuki India's stock price surged nearly 5% to 12,615 rupees per share on 7/9, and in response to the Uttar Pradesh (UP State) government's announcement that it would immediately fully exempt powerful hybrid electric vehicles (HEVs) and plug-in hybrid electric vehicles (PHEV) registration tax, it became the top Nifty rate of increase.

This measure will benefit Maruti Suzuki's SUV “Grand Vitara” and MPV “Invict” equipped with powerful hybrid technology.

The Grand Vitara is equipped with a hybrid powertrain consisting of a 1.5-liter gasoline engine (92 ps/122 nm) and an electric motor (80 ps/141 nm). Similarly, the Maruti Suzuki Invict, which is a variation of the Toyota Innova Hi-Cross, combines a 2.0-liter gasoline engine with an e-CVT to exhibit a total system output of 186 PS (engine output: 152 PS, motor output: 113 PS).

Hybrid electric vehicles and plug-in hybrid electric vehicles use internal combustion engines and electric motors. An important difference is that PHEVs use large batteries that require external charging.