The Leading firms in the automobile industry highlighted the necessity of favourable policies for promoting mobility and robust infrastructure development in the upcoming budget. The Union government is going to present the union budget on February 1 and there is a strong call for continued support towards sustainable development along with accelerated growth.
By Crox Times Desk: The industry experts have a lot to say on this topic. Mahindra Last Mile Mobility MD & CEO Suman Mishra highlights the transformative potential of EV three-wheelers and commercial vehicles in fostering income generation, therefore paving the way for financial upliftment in several ways.
She further said, “We call upon the Union Budget 2024 to prioritize segment through FAME support and make sure it is beneficial for the environment and everyone”
“To promote the adoption of EV lead delivery services, a reduction in GST For EV services from 18% to 5% is quite imperative. While EV purchases enjoy a 5% GST rate as compared to 28% for Internal Combustion Engine (ICE) vehicles, a similar distinction must extend to services. Not only those rewarding users based on carbon savings and kilometers is a great asset for sustainable choices” said, Akash Gupta- Co-Founder, and CEO, of ZYPP Electric.
We all are waiting for the Union Budget to be presented on February 1.