GST Council also decided to reduce the rate on Electric Vehicle Chargers from 18 per cent to 5 per cent. The new rates will come into effect from the 1st of next month.
The RV 400 is already available for pre-bookings on the company's website, as well as on Amazon India, but the price, specifications and other details will be revealed when the RV 400 is launched on August 7, 2019.
Presenting the Union Budget, she said the government has moved the Goods and Services Tax Council to reduce the GST rate on electric vehicles from 12 per cent to five per cent.
Revolt Intellicorp has finally unveiled the First ever fully electric motorcycle. RV400 is set to be launched next month and pre-booking can be done through the company’s website for a token amount of Rs 1000 from June 25.
The EV-maker claimed the new feature, combined with other recent updates to its supercharger network, may cause a 34 per cent improvement in throughput at the charging stations.
Musk, however, didn't provide a specific figure. While responding to a question on Twitter, he said the increase would be "something like" around the $3,000 plus figure.
The 75kWh pack had powered the entry-level (and most affordable) versions of the Model S and Model X configurations, so that change in early January effectively raised the starting price of each car by between $15,000 and $18,000.