“The introduction of the Clean Tech Mission, customs duty exemptions on 35 key goods for EV lithium-ion battery production, and the anticipated GST parity on EV batteries is a clear signal that the government is committed to making India a global leader in clean mobility.” Vivek Lohia, Managing Director, Jupiter Group
The budget’s decisive focus on accelerating EV manufacturing is a game-changer for the industry. The introduction of the Clean Tech Mission, customs duty exemptions on 35 key goods for EV lithium-ion battery production, and the anticipated GST parity on EV batteries is a clear signal that the government is committed to making India a global leader in clean mobility. By lowering production costs and strengthening domestic supply chains, these measures will significantly boost the competitiveness of Indian EV manufacturers.
The inclusion of waste and scrap from lithium-ion batteries in the exemption list further reinforces a sustainable, circular economy approach, ensuring that the EV industry grows responsibly. With a strong push for energy security, export promotion, and innovation, the budget provides a solid foundation for long-term growth. At Jupiter Electric Mobility, we are excited to leverage these initiatives to expand production, drive affordability, and contribute to India’s vision of becoming a self-reliant and globally competitive EV hub.
By Vivek Lohia, Managing Director, Jupiter Group
