As India accelerates its journey toward sustainable mobility, the Union Budget 2025 is poised to play a pivotal role in shaping the future of the electric vehicle (EV) industry. With a growing focus on green transportation, industry leaders are eager to see measures that address key challenges such as affordability, infrastructure development, and innovation.
Here’s what key industry experts and business leaders have to say about their expectations from the Union Budget 2025 and its potential to transform India’s green mobility landscape.
LML’s Vision for Green Mobility
Dr. Yogesh Bhatia, MD and CEO of LML, a global brand poised to redefine sustainable transportation, highlighted the pivotal role the Union Budget 2025 could play in propelling India’s EV industry. “We anticipate measures such as reducing GST on EV batteries from 18% to 5%, granting infrastructure status to charging stations for easier financing, and introducing performance-linked incentives to boost domestic production,” said Dr. Bhatia. These initiatives, he emphasized, would address affordability and infrastructure challenges, fostering EV adoption and aligning with India’s vision for a greener future.
ALT Mobility: Prioritizing Gig Workers and Financing
Dev Arora, Founder and CEO of ALT Mobility, underlined the need for policies fostering inclusive growth in the EV sector. Arora called for priority sector lending for electric two-wheelers and three-wheelers to benefit gig-economy workers. Additionally, he advocated for GST refunds for leasing companies and clarity on the tax framework for Battery-as-a-Service (BaaS) models to scale EV adoption. “Policies promoting carbon tax credits and tax benefits for EV R&D will accelerate innovation and adoption, making EVs more accessible,” Arora added.
Zypp Electric: Advancing Last-Mile Delivery Electrification
Akash Gupta, Co-Founder and CEO of Zypp Electric, stressed the importance of transitioning last-mile delivery to EVs. Gupta proposed extending GST benefits to last-mile logistics services and implementing per-kilometer CO2 subvention schemes. “With strategic government support, India can achieve its Net Zero target by 2070 while creating millions of green jobs,” Gupta noted, urging continued focus on advanced battery technologies.
Godawari Electric Motors: Strengthening Domestic Capabilities
Hyder Khan, Director and CEO of Godawari Electric Motors, called for sustained interim support to bridge the gap as subsidies phase out. He emphasized local manufacturing of critical EV components like batteries and powertrains, rationalizing GST rates, and investing in rural charging infrastructure. “The upcoming budget can solidify India’s position as a global leader in sustainable mobility,” Khan remarked.
Taabi.ai Mobility: Revolutionizing Logistics with Technology
Pali Tripathi, CEO of Taabi.ai Mobility Limited (RPG Group), advocated for the integration of emerging technologies like AI, IoT, and robotics in logistics. “The Union Budget should prioritize a National Technology Strategy for Logistics and foster Public-Private Partnerships for innovation,” Tripathi suggested. He also emphasized skill development and green technologies to create a globally competitive logistics sector.
Wirepas: Driving Smart Energy Solutions
Jani Vehkalahti, SVP of Smart Grids at Wirepas, urged the government to accelerate IoT-enabled smart metering for energy sustainability. Vehkalahti highlighted the cost-effectiveness of mesh networks for long-term infrastructure and the potential for dynamic tariffs to optimize energy consumption. “Investing in design transfer and skill development will position India as a hub for advanced technologies,” he said.
BLive: Accelerating Two-Wheeler Electrification
Samarth Kholkar, CEO & Co-Founder of BLive, emphasized the importance of investing in charging infrastructure and financing solutions for electric two-wheelers. “Transitioning to electric two-wheelers could cut urban carbon emissions by 40% and reduce operational costs by 30%,” Kholkar stated, urging the government to sustain green mobility initiatives.
DriveX: Policies for Pre-Owned Mobility
Narain Karthikeyan, Founder of DriveX, highlighted the potential growth of India’s pre-owned two-wheeler market. Karthikeyan called for policies ensuring price control, transparency, and quality, along with incentives for tech-driven and eco-friendly mobility solutions. “Investing in digital platforms will enhance consumer experiences and foster confidence,” he remarked.
Recyclekaro: Promoting Circular Economy in EVs
Rajesh Gupta, Founder & Director of Recyclekaro, stressed the need for policies supporting advanced battery manufacturing, recycling, and a circular economy for EVs. “Simplifying regulations and boosting R&D funding can position India as a global leader in clean innovation,” Gupta stated.
Industry leaders remain optimistic that Budget 2025 will deliver targeted interventions to overcome challenges in affordability, infrastructure, and technology, paving the way for a sustainable and self-reliant EV ecosystem.
