Budget 2025 for Auto Sector
What's in store for the Auto Sector from the upcoming full Budget on February 1. Set to be a 'Pocket Booster' budget with focus on giving consumption a leg-up along with pushing capex Read More.., it is set to benefit a host of sectors. Keep a track on all the expectations, final announcements and in depth analysis of the Budget decision only on Financial Express. We offer you a detailed list of expectation and announcements for Auto Sector on its dedicated page Who Gets What. Navigate through all the declarations at a glance from the current and past Union Budgets on this page.
Budget 2025-26 Announcements for Auto Sector
Auto Sector
- Clean Tech manufacturing: Improve domestic value addition and build ecosystem for solar PV cells, EV batteries, motors, high voltage transmission equipment
- Scrapping Basic Customs Duty (BCD) on minerals to make lower battery manufacturing costs and make EVs cheaper
Who Got What
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Budget Announcements for Auto Sector in FY2025
Auto Sector
- Exempt Custom duty on 25 critical minerals including lithium used in EV Batteries
- Incentivising job creation for manufacturing to help Auto OEMs, start-ups
- Investment on 1000 industrial training centres to help auto manufacturing
Budget Announcements for Auto Sector in FY2024
Auto Sector
- The government’s focuses on green and clean mobility, allocated of funds for replacing government vehicles.
- Customs duty exemption extended to import of capital goods and machinery required for manufacture of lithium-ion cells for batteries used in electric vehicles.
Budget Announcements for Auto Sector in FY2023
Auto Sector
- An allocation of INR 2.73 lakh crore has been earmarked to develop and enhance the rural vehicle sector.
Budget Announcements for Auto Sector in FY2022
Auto Sector
- Introduction of a voluntary vehicle scrapping policy to phase out old and unfit vehicles.
- Utilization of new technologies like MetroLite and MetroNeo for the development of metro rail systems in Tier-1 and Tier-2 cities.
- Launch of a scheme facilitating the private sector to finance, acquire, operate, and maintain buses in public transport services.
Budget Announcements for Auto Sector in FY2021
Auto Sector
- Proposed allocation of Rs 1.70 lakh crore for transport infrastructure in 2020-21.
Budget Announcements for Auto Sector in FY2020
Auto Sector
- Enhanced Brahmaputra's navigation capacity facilitating container cargo movement was stated.
- Notified a transportation revolution towards pollution-free India through Electric Vehicles.
- Emphasizing renewable energy to move towards a pollution-free environment.
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