TL;DR
The Indian EV sector is looking to the Union Budget 2026 for policies and incentives to boost domestic manufacturing and accelerate EV adoption.
As the Union Budget 2026-27 approaches, India's electric vehicle (EV) sector holds high expectations for measures that will accelerate EV adoption. Deloitte India suggests the government may focus on strengthening domestic manufacturing, promoting clean mobility, and encouraging investment across the entire EV value chain.
Industry experts anticipate recalibrated Production-Linked Incentives (PLI) for EVs and advanced automotive components, along with targeted tax breaks for research and development and capital goods production. These interventions are crucial for reducing reliance on imported technologies, fostering indigenization, and ultimately lowering India's crude oil import bill.
