‘Balanced approach was needed in budget’

Manav Kapur, Executive Director, Steelbird International has said that the Indian government’s initiative to encourage and enlarge the presence and adoption of Electric Vehicle’s (EVs), is an excellent move from an environment and cost-saving perspective in the long run.

“In the immediate future, it would be prudent to keep the interest of the non-EV segment in consideration, as the transition will be gradual, also because the category has shown a double-digit de-growth in the previous year. Hence a balanced approach is needed,” he observed.

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