Duty reliefs, mineral processing push and infra expansion seen aiding localisation
Electric mobility and advanced manufacturing players said Budget 2026–27 marks a shift from demand incentives to long-term ecosystem development.
Mr. Ayush Lohia, CEO, YOUDHA, said customs duty exemptions on EV components and support for critical mineral processing would reduce manufacturing costs and strengthen domestic value chains.
Mr. Benny Parihar, MD & Founder, EVERTA, said the Budget’s infrastructure-first approach recognises that EV adoption depends on integrated mobility and energy planning, with higher public capex improving predictability for charging network expansion.
From the manufacturing perspective, Mr. Shiozawa Kazuyuki, Managing Director, TOTO India, said investments in green infrastructure, logistics and carbon capture create an enabling ecosystem for globally competitive manufacturing.
Mr. Anil Agrawal, Founder & CEO, CIMCON Automation, said the India Semiconductor Mission 2.0 and infrastructure expansion in Tier-2 and Tier-3 cities could accelerate digital transformation in utilities and automation.
Experts said the Budget underscores India’s focus on supply chain resilience and domestic capacity creation in future industries.