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
Tag: Electric vehicles
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
TVS Motor Posts 29% YoY Growth in Total January Sales
TVS Motor Company on Sunday reported a 29% year-on-year growth in its total dispatches for January 2026, aided by strong demand across two-wheeler and three-wheeler segments, including electric vehicles. TVS Motor Company said its overall sales stood at 5,11,766 units in January 2026, compared with 3,97,623 units in the same month last year. Two-wheeler sales… Continue reading TVS Motor Posts 29% YoY Growth in Total January Sales
Budget FY27: Allocation estimate for PM E-Drive Scheme at Rs 1,500 Cr
The Union Budget for 2026-27 (FY27) has allocated Rs 1,500 crore for the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-Drive) scheme under the Ministry of Heavy Industries, which has been a key driver of electric vehicle demand in the country. Budget documents show that the allocation for the PM E-Drive scheme stood… Continue reading Budget FY27: Allocation estimate for PM E-Drive Scheme at Rs 1,500 Cr
Budget 2026-27: Sitharaman Proposes 4,000 E-Buses for East India Industrial Corridor
Finance Minister Nirmala Sitharaman announced on February 1, 2026, the deployment of 4,000 electric buses across five eastern states as part of a major infrastructure push under the “Purvodaya” initiative in the Union Budget 2026-27. The proposal includes development of an Integrated East Coast Industrial Corridor with Durgapur designated as a primary node, alongside creation… Continue reading Budget 2026-27: Sitharaman Proposes 4,000 E-Buses for East India Industrial Corridor
Danger of espionage: The Office for the Protection of the Constitution warns about electric cars from China
Electric cars from China could theoretically be controlled remotely. The technical risks are documented – but Tesla also collects massive amounts of data. (car, Security) Go to Source
Court: Tesla recording beats data protection
A court evaluates the Tesla video of a parking collision. The injured party’s interest in providing evidence outweighs possible data protection violations. (Data protection, Electric car) Go to Source
Musk admits: Tesla’s Optimus robot is in crisis
Instead of 10,000 units, only a few thousand were built, serious technical problems on the hands – and the robot works half as fast as humans. (Tesla Optimus, robot) Go to Source
Budget FY27: Allocation estimates for PLI Auto at Rs 5,940 crore
The Union Budget for 2026-27 (FY27) has allocated Rs 5,940 crore for the Production Linked Incentive (PLI) Scheme for Automobiles and Auto Components under the Ministry of Heavy Industries. The Rs 25,938-crore output-linked incentive scheme was launched in 2021 and will run till March 31, 2028 (FY28). Budget documents show that in FY25, the scheme… Continue reading Budget FY27: Allocation estimates for PLI Auto at Rs 5,940 crore