{"id":397987,"date":"2021-01-30T10:03:59","date_gmt":"2021-01-30T04:33:59","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=397987"},"modified":"2021-01-30T10:03:59","modified_gmt":"2021-01-30T04:33:59","slug":"budget-2021-expectations-of-ev-startups-in-india","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/budget-2021-expectations-of-ev-startups-in-india\/","title":{"rendered":"Budget 2021: Expectations of EV startups in India"},"content":{"rendered":"<p>New EV manufacturers in India are looking for a boost from the central government on 1 February. Ranging from concerns regarding current GST duty structure to anticipation for the Production-linked incentive (PLI) scheme and vehicle scrappage policy, here\u2019s what young EV startups (edited excerpts) in India are looking for in Budget 2021.<\/p>\n<p>Tarun Mehta, Co-Founder &amp; CEO, Ather Energy<\/p>\n<p>\u201cFor manufacturers, one of the key challenges on investments in the sector are the concerns regarding GST inverted duty structure. In order to minimise working capital blockage, the Government should look at extending end-use based benefits to the EV industry like lowering GST rates on raw materials, allowing inverted duty refunds for research and development and capital expenditure. Especially for startups like ours in their growth phase, offsetting inputs on such major expenses without being GST profitable is a big challenge.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New EV manufacturers in India are looking for a boost from the central government on 1 February. Ranging from concerns regarding current GST duty structure to anticipation for the Production-linked incentive (PLI) scheme and vehicle scrappage policy, here\u2019s what young EV startups (edited excerpts) in India are looking for in Budget 2021. Tarun Mehta, Co-Founder &amp; CEO, Ather Energy \u201cFor manufacturers, one of the key challenges on investments in the sector are the concerns regarding GST inverted duty structure. In order to minimise working capital blockage, the Government should look at extending end-use based benefits to the EV industry like [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,237],"tags":[],"class_list":["post-397987","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-power-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/397987","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=397987"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/397987\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=397987"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=397987"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=397987"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}