Union Budget 2026: Converting India’s EV Surge into Manufacturing Power
India's EV transition is now about industrial leadership, not just adoption. Budget 2026 must prioritize manufacturing strength by rationalizing GST on charging, incentivizing technology creation, and fixing the financing bottleneck. This will unlock scale, build resilient supply chains, and position India as a global leader in electric mobility, moving beyond merely being a large market.
India's EV transition is now about industrial leadership, not just adoption. Budget 2026 must prioritize manufacturing strength by rationalizing GST on charging, incentivizing technology creation, and fixing the financing bottleneck. This will unlock scale, build resilient supply chains, and position India as a global leader in electric mobility, moving beyond merely being a large market.
