Auto Policy 2026-31 proposes lower tariffs, GST rates on electric, hybrid vehicles

A representational image of cars being brought to the port. — ReutersAuto Development Levy aims to raise Rs232bn over 5 years.Auto policy sets $6bn export target over five years.EVs face proposed GST rates of 1%, 6% and 9%.Prime Minister Shehbaz Sharif on Tuesday gave…