Ola cabs CEO responds to EV duty cut

Ola Cabs CEO Bhavish Aggarwal said he doesn’t support govt reducing duty on imported electric vehicles

He was responding to Tesla’s call for a cut in imported car duty

S.S. Kim, MD of Hyundai India, had also supported Tesla

He said lower duty rates will help the EV market grow

However, Aggarwal said India should believe in its ability to build EVs indigenously

He also exhorted to attract global OEMs to build in India

“We won’t be the first country to do so,” he tweeted

Ola Electric is the latest entrant into India’s EV market

The pre-launch of its e-scooter received close to one lakh bookings in 24 hours

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