Tag: Electric vehicles

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

Toyota Kirloskar Motor Begins 2026 with 15% Rise in January 2026 Sales

Toyota Kirloskar Motor (TKM) has started calendar year 2026 on a positive footing, posting a 15 percent year-on-year increase in sales in January, as steady demand for its core MPV and SUV portfolio helped offset a largely flat export performance.The company sold 33,880 vehicles in the month, compared with 29,371 in January 2025. Domestic sales… Continue reading Toyota Kirloskar Motor Begins 2026 with 15% Rise in January 2026 Sales

Budget 2026‑27: Govt Extends Customs Duty Exemption for Capital Goods Used for Li‑Ion Cell Manufacturing

The government has proposed to extend basic customs duty (BCD) exemption on capital goods used for manufacturing lithium-ion cells as part of its push to strengthen India’s clean energy and energy security goals. Announcing the proposal in the Union Budget on Sunday, Finance Minister Nirmala Sitharaman said the move is aimed at supporting the country’s… Continue reading Budget 2026‑27: Govt Extends Customs Duty Exemption for Capital Goods Used for Li‑Ion Cell Manufacturing

Budget 2026‑27 Formalises Gig Workforce With ID Cards and Health Cover, Key to Urban Mobility

Presenting the Budget, Finance Minister Nirmala Sitharaman announced targeted measures for platform-based workers, a segment closely tied to last-mile delivery and app-based mobility services. “Gig workers on online platforms play a vital role in driving India’s new-age services economy; recognising their contribution, the government will facilitate the issuance of identity cards and registration of gig… Continue reading Budget 2026‑27 Formalises Gig Workforce With ID Cards and Health Cover, Key to Urban Mobility

Carbon Cash Infusion: India’s Rs 20,000 Crore Bet on Factory Emission Traps

Finance Minister Nirmala Sitharaman unveiled a RS 20,000 crore five-year plan for carbon capture, utilization, and storage (CCUS) technologies in the Union Budget 2026-27, targeting emissions from factories that power India’s economy, including automotive manufacturing. The announcement will be applicable on five industries including power, steel, cement, refineries, and  chemicals.  CCUS acts like a giant… Continue reading Carbon Cash Infusion: India’s Rs 20,000 Crore Bet on Factory Emission Traps

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?

AI in Supply Chain Market worth $50.41 billion by 2032 – Exclusive Report by MarketsandMarkets™

DELRAY BEACH, Fla., Jan. 30, 2026 /PRNewswire/ — According to MarketsandMarkets™, the global AI in supply chain market is projected to grow from USD 13.93 billion in 2025 to USD 50.41 billion by 2032 at a CAGR of 20.2%. Browse 150 market data Tables and 60 Figures spread through 290 Pages and in-depth TOC on… Continue reading AI in Supply Chain Market worth $50.41 billion by 2032 – Exclusive Report by MarketsandMarkets™