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What Budget 2021 means for the future of DISCOMs in India?

DISCOMs should be considered the unsung heroes of the COVID-19 pandemic to ensure power supply to health care and enable millions of people to work from home. Even with the steep fall in billing and a disruption to their cash flow, the Indian DISCOMs did not compromise on the supply of power to the end-users. The increasing unpaid dues from consumers aggravated the financial challenges of DISCOMs and interrupted the payments to power generators up the supply chain.

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Electric mobility to play a key role in India’s energy transition

The number of electric vehicles (EVs) has significantly increased globally over the past decade, and it is expected to grow considerably in the next five years. As per the ARK Investment Management LLC 2020 forecast, EV sales will reach 37 million units by 2024. This rise in the number of EVs globally is primarily attributed to reduced battery cost and government support through favourable policies. 

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Charging two and three-wheelers is the big game

India is a country that loves traveling on two-wheelers and three-wheelers. The electrification of transportation in India is not just a story limited to electric cars in the cities, it’s much more. Undoubtedly, electric two-wheelers(e-2W) and three-wheelers (e-3W) have a massive role in taking electric mobility to every nook and corner.

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