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Budget 2024: What William O’Neil expects from 9 key sectors
Currently, various measures have been taken by the GOI, like the introduction of FAME subsidy, state policies, the setting up of EV charging ecosystems, and the rolling out of PLI schemes. For the Union Budget 2024, the industry expects long-term measures that promote EV adoption, such as reduced GST rates, extensions of FAME-II subsidies, and increased infrastructure spending for changing infrastructure.