2023 Budget reactions from EV Industry

From Manufacturer and EV Financing companies

Sameer Aggarwal, CEO and Founder of Revfin Services stated “The government’s dedication to promoting environmental sustainability, as emphasized by Finance Minister Nirmala Sitharaman in the recent Union Budget 2023, is a commendable development, 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. We eagerly anticipate contributing to attain a more eco-friendly and economically prosperous future for all.”

Revfin Services is an electric vehicles financing & digital lending platform.

Mr. Ketan Mehta, CEO and Founder of HOP Electric Mobility, India’s fastest growing electric 2-wheeler manufacturer, says “A largely all-encompassing inclusive budget offers something to cheer about for all sectors; emphasis on rural development – where resides the real BHARAT, and Green sustainable climate consciousness is growth focused for a bright future. The Budget will drive economic growth, create jobs and attract investments. Pushing investments in sectors such as agriculture, fishery and cattle, and supporting procurement of components for electric vehicles, and focus on clean energy and fuels like Hydrogen will significantly enhance the prospects of segments that were in need of attention.”