Obnews Automobile Desk: Finance Minister Nirmala Sitharaman has presented her eighth budget, in which the government has taken several major decisions for the general public. Everything from electric vehicles (EV) to mobile batteries has been made cheaper from this budget. The EV sector has been given a special focus in the financial year 2025-2026, which is clear that the government is committed to promoting the progress in the field of sustainable development and clean energy.

Relief on electric vehicles and new life to auto sector

The government has announced a reduction in the prices of electric vehicles, which will directly benefit the consumers who buy new EVs. This will not only accelerate the auto sector, but also can increase the sales of electric vehicle companies. The government has taken important steps through this initiative keeping in mind the pockets of auto companies and general public.

Relief on smart gadgets

This time the budget is not only relieving electric vehicles, but also tax has been reduced on smart TVs, mobile phones, and lithium batteries. The government has announced a tax cut on lithium ion batteries, making the batteries cheaper. This will also directly affect the prices of electric vehicles, so that consumers will be able to buy them in a more accessible manner.

Click here for other automobile news

Effect on auto sector sales

After this announcement of the government, now it has to be seen how much the sales of electric vehicle companies increase. In the upcoming financial year, the extent to which auto companies can increase in EV sales, it will be cleaned over time.