India is a possible alternative to China Indian leaders have woken up to the need to bring supply chains closer to home The popularity of EVs is growing, and vendors are aware of this shift The world is in the middle of a pandemic, unlike any it has faced in generations. The repercussions of this […]
Auto industry gets an electric boost in FY20 Budget
Finance Minister Nirmala Sitharaman’s maiden Budget provides tax incentives and GST cuts for electric vehicles. ‘The future is electric,’ reiterates the Union Budget 2019-20. In her maiden Budget speech on Friday, Finance Minister Nirmala Sitharaman announced an income tax deduction of ₹1.5 lakh on loans for electric vehicles to incentivise their purchase. The loan is […]
