It has been an uphill battle to facilitate pan-Indian adoption for electric vehicles in India. While the millennials have shown relatively more interest in electric vehicles than their Gen-X counterparts, the Government is aiming to leave no stone unturned to achieve complete electric mobility in the country in the future. This has resulted in an increased in investments not only in producing different types of vehicles but also in the provision of modern, consumer-oriented features in them which are equipped with the latest, state-of-the-art technology.

With a pro-active involvement of the public and private sector, range anxiety in electric vehicles has been identified as a target area to overcome and it presents a massive scope of opportunities where India can collaborate with foreign as well as local industry experts in this space.

The announcements made in Union Budget 2019 came as a welcome sign for consumers and manufacturers of electric vehicles, alike. The electric vehicle industry in India has unanimously welcomed the government’s proposed tax benefits for electric vehicles, with expectations of a major boost in the coming years. In addition to lowering the GST rates on electric vehicles from 12% to 5%, the government has also announced exemptions on customs duty on lithium-ion cells.

In this article, we get into a conversation with Berta Castells Pujol, who currently heads the Spanish Business Desk for Indian financial & business advisory firm, Coinmen and has been extensively involved in facilitating Spanish businesses in India’s infrastructure sector. Via this article, Berta communicates how India’s infrastructure sector has essentially flourished and how it paves the way ahead in terms of creating tremendous business opportunities for new entrants into the industry.

Election results will be out on May 23 and exit polls indicate that the Narendra Modi-led NDA Government is set to return to power. The stock market is definitely pricing in the return to power of a BJP Government. Indeed, the day exit poll results were announced, the benchmark Sensex surged 1421.9 points to close at a record high of 39,352.67.