Madhya Pradesh
First Edition of the Ujjain Trade Fair
- 10 Apr 2024
- 1 min read
Why in News?
Recently, the first edition of the Ujjain trade fair concluded with more than 23,700 vehicles sold in over a month making a business of over Rs 1,200 crore.
Key Points
- According to the Ujjain Regional Transport Office (RTO), tax rebate and revenues on vehicles sold in the 40-day long Ujjain trade fair stood at more than Rs 125 crore.
- It is higher by over 20% from the tax exemptions offered in the Gwalior mela concluded in February 2024.
- The state government had offered a 50% discount in the lifetime motor vehicle tax rate on the sale of non-transport vehicles and light transport vehicles in the Ujjain Vikram Trade Fair.
- Non-transport light motor vehicles are for personal use like a car, while light transport motor vehicles are used for carrying passengers and goods.
