Lowered GST Rates

Pandemic affected electric vehicle industry expects a decrease in raw materials' GST rates and a position in the priority sector lending list from the upcoming Budget. Ather Energy CEO Tarun Mehta said that the government must allow inverted duty refunds for R&D to minimize working capital blockage. Kinetic Green Founder Sulajja Firodia Motwani had echoed similar thoughts and asked implementation of FAME II scheme up to 2025.