Budget 2021: Manufacturing, infra and adoption - what Electric Vehicle industry expects from Modi govt
3 years, 10 months ago

Budget 2021: Manufacturing, infra and adoption - what Electric Vehicle industry expects from Modi govt

India TV News  

Prime Minister Narendra Modi wants Indians to adopt electric vehicles and cut dependency on petrol and diesel vehicles. All Eyes on Nirmala Sitharaman's Budget Speech The Union Budget 2021-22 is likely to see major announcements as industry players look for a corpus in setting up EV infrastructure such as charging stations. Chetan Maini, Co-Founder, Vice Chairman at SUN Mobility with a focus on the EV industry, said that the primary expectation is the enablement of charging and battery swapping infrastructure in the country for electric vehicles at a faster rate with a firmer commitment from a policy standpoint by the government. We are also expecting a reduction of GST on charging/swapping infrastructure services & EV batteries from 18% to 5%, in line with the current GST applicable on electric vehicles," Chetan said. But the government allocated over Rs 600 crore for the Faster Adoption and Manufacturing of and Electric Vehicles in India programme.

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