Budget expectations from Ather Energy

 Mr. Tarun Mehta, CEO and Co-founder Ather Energy on the budget

“With this year’s union budget we expect policies around creating supplier parks at concessional rates, supplier side incentives for import of raw materials and incentives around CAPEX investments in India which will go a long way in building up the supplier ecosystem in India. 

We recommend creating a pool of capital that startups in this sector can tap into for long-term debt to the tune of $100M each. It will go a long way in helping accelerate capacity creation in the industry. Increasingly more and more usage of vehicles is shifting to models like lease/pay-as-you-use etc. and recommend supporting these with existing incentive programs.”