Electric Vehicle
Well, what more can we say about the electric vehicle industry, it’s the most trending industry right now! India is currently heading towards an electrifying future, and electric vehicles will form 7% of the new car sales in India by 2030.
In an endeavour to push for electric mobility, the government has lowered the GST rate on Electric vehicles to 5 per cent from 12 per cent and has made EVs affordable for consumers with additional income -tax deduction. The government has also mandated that all new three-wheelers sold in the country should be fully electric starting from 2023, and two-wheelers below 150 cc engine, from 2025. Thus, starting an electric vehicle franchise can be highly profitable for you. Brands such as Gayatri Electric Vehicle is offering EV franchise under 10 lakhs.