Tata Motors anticipates stable policies in upcoming budget
ECONOMY & POLICY

Tata Motors anticipates stable policies in upcoming budget

Tata Motors indicated that they anticipate policy continuity in the upcoming Union Budget. They also emphasised the necessity for additional players in the charging infrastructure sector to expedite the adoption of electric mobility across the nation. The new NDA government is expected to present the Union Budget next month.

Historically, the Central Government has presented the Union Budget on February 1 in recent years. However, earlier this year, due to the upcoming 2024 elections, only an interim Budget was presented.

Regarding budget expectations, Tata Motors' Shailesh Chandra explained that the government has shown clear support for accelerating the penetration of electric vehicles (EVs) in the country. "We have schemes like GST and PLI fully supporting this initiative," he noted.

Chandra expressed, "Our expectation for the Union Budget is that the current policies continue until the electric vehicle industry achieves self-sufficiency." He stressed the importance of policy continuity until EV penetration reaches 15-20%, highlighting the critical need for enhanced policy support for charging infrastructure, a significant barrier to EV adoption.

He mentioned that oil marketing companies have received subsidies to install 2000 chargers over the next 18 months, underscoring the potential for increased private sector involvement in this crucial area.

Tata Motors indicated that they anticipate policy continuity in the upcoming Union Budget. They also emphasised the necessity for additional players in the charging infrastructure sector to expedite the adoption of electric mobility across the nation. The new NDA government is expected to present the Union Budget next month. Historically, the Central Government has presented the Union Budget on February 1 in recent years. However, earlier this year, due to the upcoming 2024 elections, only an interim Budget was presented. Regarding budget expectations, Tata Motors' Shailesh Chandra explained that the government has shown clear support for accelerating the penetration of electric vehicles (EVs) in the country. We have schemes like GST and PLI fully supporting this initiative, he noted. Chandra expressed, Our expectation for the Union Budget is that the current policies continue until the electric vehicle industry achieves self-sufficiency. He stressed the importance of policy continuity until EV penetration reaches 15-20%, highlighting the critical need for enhanced policy support for charging infrastructure, a significant barrier to EV adoption. He mentioned that oil marketing companies have received subsidies to install 2000 chargers over the next 18 months, underscoring the potential for increased private sector involvement in this crucial area.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code