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Union Budget 2021-22: EV Makers Seek Lower GST, Import Duty Cut Electric vehicle manufactures are seeking extension of the FAME-II scheme, lower GST and import duty cuts to accelerate growth of the segment. 16,697  Views Highlights Lower GST, import duty reduction on wishlist of EV manufacturers Financing options from NBFCs, Banks on wishlist of EV makers Finance Minister Nirmala Sitharaman will present the Union Budget on February 1, 2021. And even as the economy looks at a path of revival after the COVID-19 pandemic hit industry hard, the 2021 Union Budget will be important, not just for industry as a whole, but for every individual, as India looks to rebuild its economy after the global pandemic. Like every industry, the electric vehicle industry in India is hoping with anticipation that the Union Budget 2021 will include some sops for the EV makers, to give a spark of growth to the industry.

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