UNION FINANCE Minister Nirmala Sitharaman’s announcement on electric vehicles during the budget has drawn praise from the industry.
Sulajja Firodia Motwani, Founder and CEO, Kinetic Green said, “We are glad that the government acknowledged EV industry’s appeal and has removed the customs duty on capital goods imported for the manufacturing of Lithium-ion batteries, which will result in making EVs more affordable for the masses. This will also boost the production of electric vehicles and components in India as part of the Make In India campaign.”
Motwani said, “We welcome the budget and as likely said by the Finance Minister, the budget presented today is the blueprint for India @100.
