One Moto India Quote
Mr. Shubhankar Chaudhry, CEO, One Moto India
“To create a robust ecosystem for Electric Vehicles and give a boost to the EV market, the Indian government should focus on putting EVs in the priority lending sector, as currently very few NBFC’s and financial institutions are providing affordable lending to potential end-users as well as fleet operators. Additionally, the Government also needs to push for more R&D in affordable and indigenous battery technology development, which currently is the biggest pain point for EV players. Our current dependence on lithium imports of which 90% is dominated by Chinese players is a strategic disadvantage for Indian EV manufacturers.”
Automovill Quote
Mr. Mridu Mahendra Das, Co-founder and CEO, Automovill
“Post-pandemic the startup ecosystem is booming at a neck break speed in terms of funding and adoption. However, increase in economic activity is yet to be seen which is giving revenue pressure for startups. Govt should introduce some flexibility in attracting or remitting foreign funds for companies that are registered under startup (DPIIT programs). This should help startups ease the processes involved, give laxity in penalties for any delay in GST or such statutory filings, ensure quick resolution of any disputes of compliance-related matters. It will save a lot of time for founders to focus on work and also ease up the funding process which gets on hold for such statutory filings.
Specifically in the after-sales automotive segment import duties on certain parts (specifically electrical, electronics etc) should be lowered as the manufacture of such parts in India had a roadblock due to chip/sensor issues. Discontinuation of certain vehicles (10+ year old vehicle in Delhi) should be in a phased manner or should be allowed to run with additional fitness requirements which will increase more revenue options for after-sales ecosystem players. Regular industry connects activities between OEMs and after-sales players, relaxing certain norms for Govt Auto claim process also helps after-sales players get a fair playing ground in comparison to OEMs.”
