Uttar Pradesh backs hybrid tax waiver in win for Toyota, blow for Tata

Uttar Pradesh will uphold its decision to waive registration taxes for hybrid cars, benefiting Toyota but disappointing Tata Motors and Mahindra & Mahindra. Despite lobbying from Hyundai, Tata, and Mahindra to reverse the decision, state officials confirmed no rollback. The tax waiver makes hybrid cars up to 10% cheaper, potentially influencing other states.

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