Budget 2025 Wins Praise from India’s EV Industry

India’s EV leaders have welcomed the Union Budget 2025 for its strong push towards clean technology, local manufacturing, and infrastructure growth. Key measures include incentives for domestic battery production, policy support for supply chains, and advancements in charging networks. The removal of basic customs duty on lithium-ion batteries is expected to enhance affordability and flexibility in the sector. Additionally, the introduction of a Deep Tech Fund is seen as a crucial step in driving innovation and strengthening India’s industrial ecosystem.