Here are quotes on the announcements made by our FM Nirmala Sitharaman on the manufacturing industry. "In recently announced budget, GOI has taken key initiatives in boosting Green economy. Specifically in EV sector, reduction in custom duty on lithium ion cells will help in incentivizing the product cost to end consumers. Thus resulting in boosting the sales of EV’s. This will be further catalyzed by government’s initiative of strict scrapping policy. We look at increased CAGR of EV sector in the FY 22-23."
- By Pritesh Mahajan, Co-Founder & CEO of Revamp Moto
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