Budget 2026 Impact: Electronics, EVs, Solar to Get Cheaper with Customs Duty Cuts

• Finance Minister Nirmala Sitharaman's Budget 2026-27 introduces customs duty changes to boost domestic manufacturing in electronics, EVs, and clean energy.
• Customs duties on mobile phone components and machinery are reduced, aiming to lower manufacturing costs and stabilize prices for budget and mid-range phones.
• Basic customs duty on lithium-ion battery cells for EVs is fully exempted, expected to make electric vehicles more affordable in the long run.
• Import duties on components and raw materials for electronics are reduced, encouraging foreign companies to establish manufacturing units in India.
• Duties on solar panel manufacturing materials are rationalized, reducing operating costs for solar projects and incentivizing home installations.

Why It Matters: Budget 2026 slashes customs duties on key components, making electronics, EVs, and solar energy more affordable.