EV industry is still at a very early stage, looking for the basic solutions which can give some strength and power to hold its ground in the Indian automotive sector.
Under the Goods and Service Tax (GST) scheme which is scheduled for 1st July, Electric Vehicle industry has been kept at 12 percent. Ayush Lohia, CEO, Lohia Auto Industries said “Keeping the Electric vehicle industry at 12 percent tax band can prove to be harmful for this industry.
Enough supply of lithium ion batteries and focus on domestic manufacturing will give push to the electric vehicle industry, said Ayush Lohia, CEO, Lohia Auto Industries. He further added, "With the changed scenario and indigenous production the rates of electric vehicle will be more competitive and help in creating further demand.