LiveAuto Industry Budget 2026 highlights: Sector gets boost with lithium battery tax exemption, critical mineral push Auto Industry Budget 2026 highlights: Finance Minister Nirmala Sitharaman is set to present the Union Budget 2026 on February, 1. The Budget has often been closely watched by the automotive industry, though in recent years it has offered limited sector-specific announcements. Even so, automakers continue to look to the Budget for signals on policy direction, especially as operating conditions grow more complex amid global supply chain disruptions and geopolitical uncertainties. Although the industry welcomed the recent GST rate revisions and the removal of cess from September 22, 2025, experts say further policy support will be essential to ensure long-term resilience and global competitiveness.

Source: Economic Times February 01, 2026 09:55 UTC