Summary:
Government policies are instrumental in shaping the trajectory of India’s automotive industry.

Key Highlights:

  • Production Linked Incentive (PLI) Scheme: Aims to boost domestic manufacturing of advanced automotive technologies and components.

  • Union Budget 2025-26: Focuses on strengthening the automotive sector with an emphasis on electric vehicles, clean technology, and local manufacturing.

  • Tax Reforms: Adjustments in GST and import duties are designed to make EVs more affordable and encourage local production. hooter.inbusinessworld.inoxyzo.in

Implications:
These policies are expected to enhance competitiveness, attract investments, and promote sustainable practices within the industry.