Tesla’s entry will provide a boost to the Indian EV industry

Deepak MV, CEO & Co-founder, Etrio feels that 2021 will be an interesting year for electric vehicles (EVs) in India and the introduction of voluntary scrappage policy in the budget is a welcome move for the industry. Further, the allocation of Rs 1.97 lakh crore towards PLI along with customs duty increase on components should spur investments in domestic manufacturing.
Deepak MV: The pandemic has impacted almost every industry and the EV industry is also one of the affected sectors. The global supply-chain was completely disrupted, leading to a substantial increase in raw material prices as well as logistics costs.