Post-Budget Quote | Luxury Cart (Automobile)

Post- budget quote on behalf of  Himanshu Arya, Founder, Luxury Cart (India’s leading destination for pre-owned luxury cars) on automobile industry :

“The Budget sends a clear signal of long-term intent for India’s automotive sector by addressing both cost pressures and structural vulnerabilities. Duty relief on lithium-ion batteries and cobalt is expected to ease EV manufacturing costs, while investments in critical mineral security and automotive-grade semiconductors aim to reduce supply-chain risk. At the same time, higher capital expenditure and improved rural connectivity are likely to support demand across commercial vehicles and entry-level segments. Together, these measures create a more predictable environment for mobility players, even as consumer preference continues to evolve towards value-led and pre-owned options.”