Can Budget take a leaf out of China’s BYD story to give India its own EV giant?

India's EV market is growing, but faces challenges like a two-wheeler sales slowdown and financing issues. From Budget 2026, the industry seeks structural reforms, including GST rationalization, component-level PLI support, and a national charging roadmap, to foster domestic manufacturing and achieve mass adoption.

Published: January 31, 2026 3:43 am

Source: The Economic Times — Read original