VidyutTech

Understanding the New GST Rules for Used EVs The government has recently changed the GST rates for used vehicles, including EVs. Let's break down what this means for you, using a simple auto-rickshaw example that we all understand. What's Changed? The GST rate on the margin made on selling used vehicles has increased from 12% to 18%. But what does this really mean for your pocket? Let's analyze a typical transaction where Ram wants to buy a used electric auto-rickshaw worth ₹1,50,000 from a Used Auto Dealer. Base Scenario (Before GST Change) Purchase Price: ₹1,50,000 Dealer's Margin: ₹15,000 (10%) GST Rate: 12% on margin (₹1,800) Final Selling Price: ₹1,66,800 New Scenario (After GST Change to 18%) With the increased GST rate, dealers have three options: Option 1: Pass the Cost to Buyer Purchase Price: ₹1,50,000 Dealer's Margin: ₹15,000 (10%) New GST (18%): ₹2,700 Final Selling Price: ₹1,67,700 Impact: Buyer pays ₹900 more Option 2: Pass the Cost to Seller Target Seller Price: ₹1,66,800 (original) Dealer's Margin: ₹15,000 (10%) New GST (18%): ₹2,700 Required Purchase Price: ₹1,49,100 Impact: Seller gets ₹900 less Option 3: Reduce Dealer Margin Purchase Price: ₹1,50,000 Reduced Margin: ₹14,100 (9.4%) New GST (18%): ₹2,538 Final Selling Price: ₹1,66,800 Impact: Dealer absorbs ₹900 impact For Dealers they can either: Absorb the extra 6% GST (reducing their earnings) Share the burden with buyers and sellers Did you know?  Some of the used 3 wheeler vehicle sales happen directly between buyers and sellers (peer-to-peer), where this GST change doesn't apply.  Whereas the most of the sales happen through dealers, where this new rate matters. Typically dealer margin is [7-12]%. Looking forward while this change might seem challenging, the future of EVs remains bright. The lower running costs and increasing charging infrastructure continue to make EVs a smart choice for commercial use. Also, now you can secure the best returns on your EV investment through Vidyut's specialized resale platform. We've built a trusted network of verified buyers and maintain real-time market analytics to help you maximize your resale value. Whether you're planning to sell now or later, connect with our team for a detailed valuation and strategic advice. With Vidyut, your EV's resale value is in expert hands. #EVInnovation #AutomotiveStrategy #FutureOfMobility #BusinessTransformation #Sustainability

Reflecting on a year of growth, innovation and driving change towards a greener future! 🌱⚡ Here's to an electric 2025 with Vidyut 🚗 #VidyutEV #GreenRevolution #SustainableFuture #VidyutKavach #ElectricMobility #NewYear2025 #EVJourney #CleanEnergy

Exciting opportunities now open! Come, join Team Vidyut. If interested, send in your resume to careers@vidyuttech.com Xitij Kothi Gaurav Srivastava Divanshu Singh Shubham Dhake Mithilesh Gurujala Maj Vivek Varma Aikta Dube Ajit Gopi Mousumi Gogoi Mahesh Tikone Raj Sarkar Suraj Kumar Barnwal Rosali Mahapatra Kumar Vinay

What happens to old EVs? Who buys them, and how do you get started? We understand that reusing and repurposing pre-owned EVs is a crucial challenge for both the industry and financiers. At Vidyut, we're simplifying the EV ownership journey by shaping the EV resale market with our innovative platform. From inspection to RTO documentation, our end-to-end solution is designed for making EV resale smooth as butter. With the used EV market growing rapidly, the opportunities are immense, and we're proud to lead this transformation. To know more about this, please read below: https://lnkd.in/gJYW8BJk

The EV revolution can’t thrive through just one segment, which is why we’re pushing boundaries to go further. We’re thrilled to announce our partnership with JSW and MG Motor India to broaden our Battery-as-a-Service (BaaS) portfolio to electric cars. Who says EVs are expensive? Together, we’re making EV ownership easier and more affordable. With the BaaS model, buyers can save up to 40% on running costs by purchasing the vehicle and paying for the battery as per usage separately. Lower upfront costs, greater savings, and a smarter way to drive electric—welcome to the future of sustainable mobility. To know more about this, please read below: The Economic Times: https://lnkd.in/gCg3sKUf #EV #ElectricVehicles #JSW #MGMotors #BAAS #EVFinancing

We're #hiring a new Marketing Intern in Bengaluru, Karnataka. Apply today or share this post with your network.

We're #hiring a new Field Sales Executive in New Delhi, Delhi. Apply today or share this post with your network.

We're #hiring a new Sales Executive / Sales Officer in Hyderabad, Telangana. Apply today or share this post with your network.

We're #hiring a new Territory Collection Manager in Bengaluru, Karnataka. Apply today or share this post with your network.

#FundingWithYS 💰 💼 Company: VidyutTech 💸 Funding: $10 million ⚡ Round: Series A equity and debt 👥 Investors: 3one4 Capital, Saison Capital, Zephyr Peacock India, Force Ventures LLP, Alteria Capital, and udaan.com CEO Sujeet Kumar. The startup, founded in 2021 by Gaurav Srivastava and Xitij Kothi, said it will use the fund to launch EV insurance, as well as expand into new geographies--40 cities, at present. It also aims to increase its headcount across roles and job functions, including product, engineering, and sales operations, by double. More importantly, the company will use the funds to expand into the lifecycle management side of the equation, where it's currently testing servicing and maintenance offerings, said Vidyut's Co-founder Kothi. Read more at the link in our comments section 👇 by Aparajita Saxena | #Funding #Startups