Electric vehicle maker Omega Seiki Mobility (OSM) has said the government should consider categorising EVs in the priority lending sector to further strengthen the segment, besides export concessions, to help the manufacturers tap new markets.
In its pre-Budget expectations, OSM also expressed hope that the Union Budget includes announcements related to lowering of GST rates on raw materials, especially for the electric vehicle (EV) players.
This played a key role in the progress of electrification of the domestic automotive sector. However, the financial year 2022-23 is the time to start firing on all cylinders, Omega Seiki said.
