Quote from Mr. Jalaj Gupta, Managing Director, Montra Electric, in response to the Union Budget 2026 announcements on clean mobility, advanced manufacturing, and EV supply chain development.
“This year’s Union Budget lays a strong foundation for India’s clean mobility and advanced manufacturing ambitions. From supporting lithium-ion cell manufacturing and rare earth processing to strengthening semiconductor and electronics ecosystems through ISM 2.0 and enhanced component schemes, the government is enabling a truly integrated EV supply chain. These initiatives will help deepen localisation, develop skilled talent, and reinforce India’s position as a global hub for sustainable mobility and high-technology manufacturing.”
By- Mr. Jalaj Gupta, Managing Director, Montra Electric
