Budget 2026 Puts Manufacturing at the Centre: ₹12.2 Trillion Capex, MSME Push and EV Supply Chain Reset

Union Budget 2026 marks a decisive shift toward building India into a global manufacturing powerhouse. With a record ₹12.2 trillion capital expenditure, the launch of India Semiconductor Mission 2.0, and a dedicated ₹10,000 crore MSME Growth Fund, the government has laid the foundation for industrial resilience and high-tech self-reliance.

Targeted measures such as duty-free EV battery-manufacturing inputs, rare-earth corridors, revived industrial clusters and higher foreign-investment limits further strengthen India's position across electronics, mobility and advanced manufacturing.

For domestic battery makers, the removal of duties on key manufacturing inputs is especially significant — it improves cost competitiveness against imports and supports localisation of the EV supply chain.

Maxvolt Energy welcomes the budget's manufacturing-first orientation, which aligns closely with the company's Make-in-India strategy and its investments in domestic cell-to-pack capacity and battery recycling.