Interim Budget 2024: The Interim Budget of FY 2024–25 will be presented to the Parliament in just nine days. On February 1, Union Finance Minister Nirmala Sitharaman is expected to give her budget speech. Odysse, an electric vehicle company anticipates a visionary 2024 Union Budget. Here is the pre-budget expectations of the company.
Odysse Electric Vehicles Anticipates a Visionary Budget
Mr. Nemin Vora, CEO, Odysse Electric Vehicles said, “As we anticipate the union budget for the fiscal year 2024, Odysse, as an electric vehicle (EV) manufacturer, looks forward to a comprehensive and forward-thinking fiscal policy. The electric mobility sector stands at the forefront of transformative change, and we anticipate economic support that reflects the government’s commitment to accelerating this transition. Our expectations include continuation of FAME incentives, robust infrastructure investments, reduced interest rates for EV customers, Dedicated percentage of reserved fund by banks for EV financing and a continued focus on research and development to further propel the growth of the EV industry. A visionary budget can not only drive economic revitalization but also play a pivotal role in creating a sustainable and eco-friendly future.”
Interim Budget 2024
The budget statement for this year will serve as a stand-in until the 2024 Lok Sabha elections and the formation of a new government, with no significant announcements made in it.
Like a complete budget, an interim budget is discussed and passed by the Lok Sabha. In contrast, a vote-on-account is approved without a lengthy debate.
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