Verification: 472acb06bbb2f6379ffcdd5ef9b6d310
Home » Blog » Union Budget Expectations for EV Sector | Mr. Raj Mehta, Founder, Greta Electric Scooters

Union Budget Expectations for EV Sector | Mr. Raj Mehta, Founder, Greta Electric Scooters

Raj Mehta_Founder_Greta Electric Scooters

“EV has been a sunrise industry.

Thanks to the Government initiatives both at the central & state level and the policymakers, the segment has experienced exponential growth. But as players in this market, as always, dil mange more, as we have miles to go before we sleep i.e. achieve the zero-emission target by 2070.

Some ask that comes to my mind that will help the manufacturer offer better value to the customer is a reduction in GST on components. Currently, at 28%, as against 5% of the end product adds to the manufacturer’s capital cost.

The extension of FAME -2 is a welcome move. A little tweaking will get more people to benefit from the scheme.

PLI has seen good traction, but the focus must shift to indigenizing component manufacturing for EV vehicles.

On the financing end, support is needed for end customers through easy loans and financing options and for manufacturers via financing subsidies.”- Mr. Raj Mehta, Founder, Greta Electric Scooters,

Leave a Reply

Your email address will not be published. Required fields are marked *