Battery and energy storage players also see the Budget as reinforcing confidence for manufacturers investing in future-ready technologies. India’s electric mobility and auto component industry has broadly welcomed the Union Budget 2026–27, calling it a timely policy push towards strengthening domestic manufacturing, accelerating clean mobility adoption and building resilience across critical supply chains. With measures… Continue reading Budget 2026: EV, auto component industry welcomes push for localisation, batteries and clean mobility supply chains
Author: Economic Times of India Online News
Budget 2026 signals long-term tailwinds for auto sector with infra push; luxury gets no direct boost
Union finance minister Nirmala Sitharaman The Union Budget 2026 has delivered a largely positive signal for India’s automotive industry, with a clear thrust on infrastructure expansion, green mobility and policy stability. While the budget stops short of offering direct, segment-specific incentives for luxury automakers, industry leaders see the announcements as supportive of long-term growth and… Continue reading Budget 2026 signals long-term tailwinds for auto sector with infra push; luxury gets no direct boost
Budget 2026: Allocation for auto PLI doubled despite lower utilisation in FY26
Nirmala Sitharaman The outlay for the Production Linked Incentive (PLI) scheme for automobiles and auto components has been almost doubled in the Union Budget for 2026-27 to ₹5940 crore. Not only is the outlay a substantial increase from the budget estimates for the current fiscal (₹2974.61 crore), it has also come despite a large portion… Continue reading Budget 2026: Allocation for auto PLI doubled despite lower utilisation in FY26
Can Budget take a leaf out of China’s BYD story to give India its own EV giant?
In 1995, a small firm began operations in China’s Shenzhen with just 20 employees and limited capital. Just three decades later, before it even turned 30, BYD is the world’s largest electric car company, having overtaken Tesla. Its rise was fuelled not just by technology, but by sustained state backing. Estimates suggest BYD received around… Continue reading Can Budget take a leaf out of China’s BYD story to give India its own EV giant?
Ram Mohan Naidu discusses sustainable fuel, air mobility cooperation with French minister
Ram Mohan Naidu, Union Minister for Civil Aviation. Union Minister for Civil Aviation Ram Mohan Naidu met visiting French Minister for Transport Philippe Tabarot, where they exchanged views on strengthening aerial connectivity to strengthen the long-standing strategic partnership between both countries. The meeting took place on Friday and Naidu emphasised bilateral cooperation on futuristic technologies… Continue reading Ram Mohan Naidu discusses sustainable fuel, air mobility cooperation with French minister
Budget 2026-27: Building the infrastructure for India’s next growth chapter
Santosh Iyer, Managing Director & CEO, Mercedes-Benz India As we approach Union Budget 2026-27, there is a palpable sense of anticipation across India’s economic landscape. The past decade has shown us what is possible when policy vision meets determined execution. Now, as we navigate a more complex global environment, the upcoming budget presents an opportunity… Continue reading Budget 2026-27: Building the infrastructure for India’s next growth chapter
Bajaj Auto Q3FY26 net profit up 25% to ₹2,750 crore
Commercial vehicles recorded their highest-ever retail levels, surpassing 100,000 units for the tenth straight quarter. Bajaj Auto on Friday reported a net profit of ₹2,750 crore in Q3 FY26, compared with ₹2,196 crore in the year-ago quarter, marking a year-on-year increase of about 25 per cent. Total revenue from operations on a consolidated basis rose… Continue reading Bajaj Auto Q3FY26 net profit up 25% to ₹2,750 crore
SUPRA SAEINDIA 2026 gears up for 71-team Formula Student Challenge at Buddh International Circuit
A key feature of the program is its mentorship structure, with each team assigned a dedicated industry mentor who provides guidance on technical, design, and strategic matters. The 13th edition of SUPRA SAEINDIA Formula Student will take place from September 2-5, 2026, at the Buddh International Circuit in Greater Noida, bringing together 71 engineering college… Continue reading SUPRA SAEINDIA 2026 gears up for 71-team Formula Student Challenge at Buddh International Circuit
Budget 2026 must focus on affordability, sustenance of demand for auto industry’s durable growth cycle
A supportive policy framework can create conducive conditions for the auto sector enabling it to position itself as a global manufacturing and export powerhouse. The Indian automotive industry has entered a structurally improved yet a transitional phase, post the recent GST rationalisation measures. After years of continued rise in vehicle prices amidst regulatory needs, technological… Continue reading Budget 2026 must focus on affordability, sustenance of demand for auto industry’s durable growth cycle
Elon Musk’s SpaceX said to consider merger with Tesla
The space firm has discussed the feasibility of a tie-up between SpaceX and EV-maker Tesla. Elon Musk’s SpaceX is considering a potential merger with Tesla as well as an alternative combination with artificial-intelligence company xAI, Bloomberg News reported on Thursday, citing people familiar with the matter. Tesla‘s shares were up 3 per ent after the… Continue reading Elon Musk’s SpaceX said to consider merger with Tesla