Budget 2026 expectations: Boosting EV auto sector — EY India Insights Podcast

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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.