Union Budget 2025 Expectations Live: "Will Budget 2025 boost EV growth and manufacturing?

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Union Budget 2025 Expectations Live: "Will Budget 2025 boost EV growth and manufacturing? - Business Standard

Quick Summary:

To support the transport and logistics industry, TDS exemptions should be reconsidered given the low-margin nature of the business (3-4 per cent) and long payment cycles.

Performance-linked incentives for battery innovation and indigenous component manufacturing can further strengthen India’s Make-in-India push, positioning the country as a global leader in EV technology.

These include merging the Rail Budget with the main Budget in 2017, moving the presentation date to February 1, and adopting a digital format in 2021.