Chandigarh: Ather Energy’s CEO and co-founder, Tarun Mehta, expressed concerns about the withdrawal of the government’s incentive on the sale of electric two-wheelers in April. According to Mehta, this move could lead to one or two more years of stagnated growth in the industry.
While the industry is no longer solely dependent on subsidies for survival, an early discontinuation of the subsidy in April would require industry players to tighten their belts and work harder. Despite their resilience, this scenario would still result in a delay in achieving the industry’s growth targets.
