Post Budget Reaction | Mr Raj Mehta, Founder, Greta Electric Scooters | EV Sector

Mr. Raj Mehta, Founder, Greta Electric Scooters.

We at Greta Electric Scooters heartily welcome the Budget the Honorable Finance Minister presented. While there is no major announcement for the EV sector, the Budget’s focus on green growth involving energy transition, achieving the net zero target of 2070, is encouraging for the industry. Initiatives will not only help reduce carbon intensity but will create employment. Exemption of customs duty is another welcome move.

Another element that resonated with me was the Green Credit Programme I believe this will add fuel to companies’ endeavor to adopt green practices, and it will contribute effectively to reducing our carbon footprint. Finally, the reduction in Income tax slabs is definitely something to cheer about.