The Automotive Component Manufacturers Association of India (ACMA) welcomes the Union Budget 2026–27 presented by the Hon’ble Finance Minister, Smt. Nirmala Sitharaman, and appreciates the Government’s pragmatic and forward-looking approach that reinforces India’s manufacturing ambitions, export competitiveness, and technology-led transformation.
The continued emphasis on manufacturing and MSMEs—through measures aimed at improving access to credit, enabling scale, and enhancing productivity—is a positive step for the auto component industry. These initiatives are expected to support capacity expansion and encourage sustained investments in technology and innovation, which are essential for strengthening global competitiveness.
ACMA also welcomes the Budget’s focus on advanced manufacturing, clean-energy technologies, and the development of robust domestic value chains for electric mobility and automotive electronics. Support for localisation of critical components such as batteries, power electronics, and high-value electronic systems will enhance supply-chain resilience and reduce import dependence.
The emphasis on exports, trade facilitation, and logistics efficiency is timely, particularly amid global trade uncertainties. Measures aimed at improving access to export credit and addressing non-tariff barriers will further integrate Indian auto component manufacturers into global supply chains and reinforce India’s position as a reliable sourcing hub.
The industry appreciates the steps taken towards rationalisation of customs duties, correction of inverted duty structures, and procedural simplification, all of which will help lower costs and improve the ease of doing business.
Commenting on the Budget, Mr. Vikrampati Singhania, President, ACMA, and Vice Chairman & Managing Director, JK Fenner (India) Limited, said, “The Union Budget 2026–27 outlines a clear and credible roadmap for strengthening India’s manufacturing ecosystem. The sustained focus on MSMEs, clean mobility, and export facilitation will help the auto component industry navigate global headwinds while positioning India as a competitive and trusted manufacturing and sourcing destination.”
ACMA looks forward to continued engagement with the Government to support the effective implementation of the Budget proposals and to further strengthen the auto component industry as a key pillar of India’s industrial growth and export performance.
