GST will uplift the electric vehicle industry: Ayush Lohia

Budget should lift consumer sentiment & infuse positive environment in auto industry

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Ayush Lohia, CEO, Lohia Auto Industries

Ayush Lohia

Last Updated : Jan 17 2017 | 3:39 PM IST

At present, demonetisation has created unfavourable environment for the auto industry on the whole. The auto industry is pinning hope on the upcoming union budget 2017 as it will uplift consumer sentiment and infuse positive environment for auto industry including the electric vehicles.

Automobile industry players are working toward extension of the incentive scheme for electric mobility under the FAME scheme and hoping for a positive response from the upcoming union budget with a long term plan for atleast next five years. This extension will lead to achieving India’s electric vehicle target which in turn will undoubtedly help in reviving of

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