Charged up by sops, EV players see ‘beginning of a revolution’

While electric-vehicle (EV) makers and the start-up community have lauded the Budget for announcing steps to boost the e-mobility revolution in the country, traditional automakers said they were disappointed that little had been done for the beleaguered industry.

Two-wheeler companies in the EV sector — such as Hero Electric, Revolt Intellicorp, Ather Energy, Kinetic Green, Tork Motors, 22Kymco and Log 9 Materials — said the Budget announcements would boost their industry.

“This Budget has been very promising for our industry. This is the start of a revolution. We believe that three years from now, things will change rapidly, and India will be ahead of the curve in its (EV) adoption rate,” Rahul Sharma, Founder, Revolt Intellicorp, said.