Auto Industry Leaders Praise Budget for Strengthening Supply Chains, Manufacturing Base
Budget
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CNBC TV18•01-02-2026, 16:19
Auto Industry Leaders Praise Budget for Strengthening Supply Chains, Manufacturing Base
- •Hyundai Motor India MD & CEO Tarun Garg rated the Budget highly, calling it a 'nine' for supporting long-term growth, reforms, and manufacturing expansion.
- •Garg highlighted the Budget's focus on fiscal discipline, which he believes supports sustainable growth and positions India as a global manufacturing base.
- •He noted that supply chain stability and a push for electronics manufacturing are crucial for the auto sector, potentially leading to 7-8% growth.
- •Mahindra Group CEO & MD Anish Shah lauded the Budget as 'excellent,' emphasizing manufacturing's central role for India's long-term growth and global competitiveness.
- •Shah pointed to infrastructure expansion, manufacturing incentives, and supply chain localization as key drivers for industrial growth and attracting global companies.
Why It Matters: Auto industry executives commend the Budget for boosting manufacturing, supply chains, and fiscal discipline, fostering economic growth.
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