In this episode we speak with Bharat Moossaddee , Former CFO Mahindra & Mahindra about Including EVs in the Reserve Bank of India’s priority sector lending , Role of Indian Financial Institutions in Boosting EV Adoption, Financing Challenges EV startups faces in India.
“The Government of India has done a number of things to support this EV growth and we have seen this over the last one decade. But so far the financial institutions have not really come to the party as much as we would like from an industry perspective. So, the entire thing is either funded by the players, the industry players because so far the bigger players have been there who have good kind of cash flow. They funded it largely through their internal accruals. But I would say going forward especially when new players come or startups come I think the financial institutions have to kind of adopt a bit of liberal approach and kind of treat this as a priority sector.”
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