Budget Reaction from Revfin, an electric vehicles financing company focused at the cause of increasing sustainable mobility adoption

Mr. Sameer Aggarwal, CEO and Founder of Revfin Services

"The government's dedication to  ‘green growth’ approach promoting environmental sustainability, as emphasized by Finance Minister Nirmala Sitharaman in the recent Union Budget 2023, is a commendable development," stated Sameer Aggarwal, CEO and Founder of Revfin Services, an electric vehicles financing & digital lending platform. He added, "The emphasis on reducing carbon footprint and generating employment through green growth initiatives displays a deep comprehension of the interdependence of the environment and the economy. The 7 main priorities, referred to as 'Saptrishi,' will drive sustainable and environmentally friendly economic development and this, truly is in the direction of India seeking a leadership role in mitigating the global climate crisis."

Commenting on the inclusive aspect of the announcements made, Sameer said, "Budget is very positive for rural economy as it is talking about investments and credit schemes in agriculture, fishery, cattle etc. and this will generate higher income for rural folks and enable them to purchase L5 (e-rickshaw for commercial purposes) and better capacity to repay EMIs. Customs duty exemption is being extended to imports of capital goods and machinery required for the manufacture of lithium-ion cells for batteries used in electric vehicles to further boost green mobility."