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Leading electric two-wheeler startups have joined the battle over subsidy as the Union Budget draws closer. Ola Electric and Ather Energy have made a strong pitch for the government’s incentive programmes to continue so that EV adoption goes up.
Bhavish Aggarwal, founder and chairman and managing director of Ola Electric, told Business Standard on Thursday: “We look forward to continued support from the government for widespread EV adoption with a multiplier effect on the broader industry.” In an interview last July to this newspaper, Aggarwal had said that Ola was working towards a “no subsidy regime’’ and could
First Published: Jul 11 2024 | 11:29 PM IST