Industry insights by Experts

How was FY 22-23 for Enigma Automobiles

How was FY 22-23 for Enigma Automobiles

Entire industry is saying that 2022 was a great year for the EV industry of India. It set a benchmark. Although the usage of electric three-wheelers for business purposes increased significantly in this area, battery-powered two-wheelers predominantly drove the growth of the country’s EV sector. It is important to note that the Indian government, through …

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Vegh Automobile views on Punjab EV Policy

Pragya Goel views on Punjab EV Policy

Punjab cabinet approves EV policy: Offers cash incentives and tax waiver On Friday, the Punjab Cabinet approved the Punjab Electric Vehicle Policy (PEVP) 2022 in an effort to control the state’s environmental pollution brought on by vehicle emissions. In addition to making Punjab a preferred location for the production of EVs, EV components, and batteries, …

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Union Budget 2023-24: Considerations & Missed Out for Auto/EV Sector

Union Budget 2023-24: Considerations & Missed Out for Auto/EV Sector

The automotive sector is one of the largest industries contributing about 7.1% to India‚Äôs GDP and generating huge direct and indirect employment. In the Union Budget FY24, the industry has got a major boost towards electric vehicle manufacturing, hydrogen fuel adoption, and the changing technology mix. However, there were certain misses about the GST reduction. …

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