Budget FY23: EV makers seek incentives for exports, PLIs to small players

The Society of Manufacturers of Electric Vehicles (SMEV) has requested the Centre to provide some incentives — in the form of subsidies — on exports of affordable small cars and scooters from India in the Union Budget FY23 to be tabled in the Parliament on February 1.

The electric mobility sector is a large space that Indian industries can capture before international players invade the market with “cheaper contraptions”, SMEV DG, Sohinder Gill, said.

These are part of SMEV’s pre-Budget recommendations to the Centre.