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Below the Reaction on Post Budget 2025 on Mr. Narayan Subramaniam, CEO & Co-Founder, Ultraviolette Automotive Pvt. Ltd

We are enthused to see the Union Budget 2025-26 prioritizing clean technology and domestic manufacturing, especially in the electric vehicle sector. Increased infrastructure investment and incentives for electric mobility will strengthen our efforts to develop eco-friendly mobility solutions. The inclusion of 35 capital goods for EV battery manufacturing in the exemption list is a transformative move, significantly reducing production costs and fostering innovation in lithium-ion battery production. Furthermore, the full exemption on critical minerals like cobalt powder and lithium-ion battery scrap ensures a steady supply of essential resources, thereby boosting local production and job creation in the clean tech sector. As an electric vehicle manufacturer, we are particularly encouraged by the budget's focus on enhancing the domestic production of key components such as batteries, motors, and controllers. This initiative will not only strengthen India's EV ecosystem but also enable us to build a more resilient local supply chain. This  budget not only empowers the aspiring MSMEs financially but also encourages the adoption of cleaner alternatives, paving the way for a greener future.

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