Budget 2026: Auto Industry Demands EV Duty Cuts, Easier Business Environment

• Auto industry leaders urge Finance Minister Nirmala Sitharaman to reduce duties on Electric Vehicles (EVs) in the upcoming Union Budget 2026-27.
• Key demands include enhanced ease of doing business, deeper manufacturing localization, and workforce skill advancement to foster growth.
• Companies like Toyota Kirloskar Motor and JSW MG Motor India emphasize continued government focus on infrastructure development and green energy initiatives.
• Industry seeks strengthened consumer incentives for EV adoption and improved duties on EV components to support local manufacturing.
• Tire manufacturers, including JK Tyre & Industries, hope for policy continuity, affordability, and streamlined regulatory processes to boost investment and competitiveness.

Why It Matters: Auto industry seeks EV duty cuts, easier business, and infrastructure focus in Budget 2026 for growth and sustainability.