Commenting on the Union Budget 2026–27, Mr. Shailesh Chandra, President, SIAM, and Managing Director & CEO, Tata Motors Passenger Vehicles Ltd, said, “We welcome the Union Budget 2026–27, which reinforces the Government’s commitment to long-term and sustainable economic growth, with a strong emphasis on manufacturing, infrastructure development—including freight corridors and waterways—and fiscal prudence. The decision to increase the capital expenditure outlay to ₹12.2 lakh crore for FY 2026–27, from ₹11.2 lakh crore in the current year, will provide a significant boost to demand creation and industrial activity, including the automobile sector.”
He added, “Enhanced support for electronic components manufacturing, the creation of dedicated corridors for mining and processing of rare earth materials, and initiatives to establish high-tech tool rooms and support container manufacturing will strengthen supply-chain resilience and help streamline exports. The allocation of 4,000 e-buses for the Purvodaya States is a welcome step that will accelerate the transition towards sustainable public mobility solutions.”
Highlighting the EV push, Mr. Chandra noted, “The continued exemption of Basic Customs Duty on capital goods used for manufacturing lithium-ion batteries, along with the extension of concessional duty benefits on lithium-ion cells and their parts used in batteries for electric and hybrid vehicles for a further two years until March 2028, will play a crucial role in enabling the creation of a robust and competitive EV ecosystem in India.”
