Budget 2021: What EV startups in India think about the new policies

The Union Budget 2021 was revealed by Finance Minister Nirmala Sitharaman on 1 February. The budget aimed at a post-pandemic economic recovery and the automotive sector was one sector that was feeling the bite of a slowdown even before the virus changed life as we know it. The budget introduced some crucial policies for the automotive sector that are expected to work in favour of both the consumer and manufacturers.

The EV sector in the country is still in the nascent stage and it needs all the support it can get from the government. Here’s what a few EV startups think about the Budget 2021.

“We at eBikeGo are very thrilled with this Union Budget 2021. This budget is totally one of its kind. We thank the Hon’ble Finance Minister for announcing the Scrappage policy, which would help in encouraging the adoption of greener vehicles.