Chennai, Jan 21: A comprehensive policy on the components for Electric Vehicles (EV), inclusion of commercial vehicles for incentives, clarity on the Goods and Services Tax (GST) on spare parts and consistency on the policy front, are the expectations of industry players from the forthcoming Interim Budget for transition from petrol/diesel vehicles to EVs.
“The Union Government needs to formulate a comprehensive policy on EV parts, ensuring transparency and establishing a level playing field within the industry. Additionally, the inclusion of commercial vehicles in EV incentives is pivotal for fostering widespread growth and aligning with our shared vision of a sustainable future,” Ayush Lohia, CEO, Lohia Auto Industries Ltd told IANS.
