Budget 2026 expectations: Boosting EV auto sector
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Budget 2026 expectations: Boosting EV auto sector
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About this listen
In this episode of Budget Insights, part of the EY India Insights podcast series, Parul Nagpal, Partner – Indirect Tax at EY India, highlights how Budget 2026 can accelerate EV adoption through stable tax policy, stronger incentives and improved charging and battery manufacturing infrastructure.
Key takeaways
- Long‑term EV investment requires predictable, stable rules.
- Budget 2026 may expand PLI funding, widen product coverage and allow fresh applicants.
- EV loan tax benefits, priority‑lending access and lower GST on spares can improve affordability.
- Industry seeks clarity on the Sintered Rare Earth Permanent Magnet scheme.
- Strengthening Bharat Trade Net and the Export Promotion Mission can boost global market access.
Tune in to learn how Budget 2026 could accelerate India’s green mobility transition.
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