TL;DR
The Indian auto industry is urging the government to provide duty cuts on EV components, stronger consumer incentives, and support for charging infrastructure in the upcoming Union Budget.
The Indian electric vehicle (EV) market is anticipating significant policy support from the upcoming Union Budget 2026. Automakers are collectively advocating for the rationalization of duties on EV components, more robust incentives to encourage consumer adoption, and increased backing for localization efforts and the expansion of charging infrastructure across the nation.
Industry leaders, including Anurag Mehrotra, Managing Director at JSW MG Motor India, have emphasized the necessity of strengthening consumer-led incentives and schemes to accelerate EV adoption. They also highlighted the importance of rationalizing duties on EV components and providing strong fiscal support for expanding the charging network, which remains a key bottleneck for EV growth. Toyota Kirloskar Motor's executive vice president, Vikram Gulati, underscored the need for policy continuity and sustained support for multiple green energy pathways for the long-term evolution of the automotive sector.
