Besides emphasis on electricity distribution reforms and measures for gig workers, the Budget 2025 puts the spotlight on national manufacturing mission to support clean tech, improve value addition in solar PV modules, electric vehicle batteries, high voltage transmission equipment, wind turbines and grid scale batteries. 
With China controlling much of the clean tech supply chain, the mission will combine with the PLI schemes for solar PV modules and batteries, aiding those in the field of backward integration and operations that are scaling up. 
Further scaling up the reach of ‘Make-in-India’ initiative, the Budget 2025 once again has brought into focus the MSME sector. It has been the worst hit by GST with thousands of units in any given industrial areas in cities like Pimpri-Chinchwad going belly up. Considered to provide employment to up to 70 percent in the manufacturing MSMEs have not only been unable to sustain financially, they have not been able to innovate or invest in advanced machinery/equipment and upskilling the way they should have been. 
They also seem to have lost out on their ability to export or sustain the margin pressures that come with supplying goods to suppliers up the ladder. This has led to many Tier 1  or Tier 2 suppliers and OEMs – particularly in the auto sector which contributes most to GST collection and the manufacturing GDP of the country – to look at sourcing from China by installing either permanently or temporarily their sourcing personnel or agents there. 
Perhaps taking such practices into account, the Budget 2025 has focused on MSME sector in terms of their upliftment as it would in-turn help them to drive employment led innovation, energy supplies and exports. 
The custom duty on Lithium-ion batteries has been reduced and tax has been exempted for cobalt powder. 
On the Income Tax front, the Finance Minister announced in her speech that a New Income Tax Bill will be tabled in the Parliament soon. This bill is expected to exempt tax on income till INR 12,00,000. There will be TDS relief offered to senior citizens. 
Until the New Income Tax Bill in tabled in the Parliament and passed, the old Income Tax regime will continue to be valid. 
 

Image for representative purpose only.

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Maruti Suzuki India, the country’s largest passenger vehicle manufacturer, has further expanded its capacity with its new manufacturing facility at IMT Kharkhoda, Haryana, going on stream.

The facility was inaugurated by Prime Minister Narendra Modi and the Prime Minister of Japan, Sanae Takaichi, via video conferencing. The site represents an investment of INR 350 billion and is expected to create 21,000 jobs. Once the facility reaches its capacity of one million units per annum, it will be among the largest vehicle manufacturing sites globally.

Toshihiro Suzuki, Representative Director & President, Suzuki Motor Corporation, said, “It is a great honour for Suzuki group today as its most advanced car manufacturing facility at Kharkhoda, Haryana has been inaugurated by PM Narendra Modi and Sanae Takaichi. From current capacity of half a million units, the plant will be further scaled to one million units, making it one of the largest car plants in the world. It is a testament to the success of India-Japan partnership and ‘Make in India’ initiative. With favourable policy environment under PM Modi’s leadership, Suzuki is accelerating investments, employment, exports and technologies towards Viksit Bharat journey.”

“Over the years, India’s importance has grown significantly within the Suzuki Group. Suzuki’s first Battery Electric Vehicle, the e VITARA, is manufactured exclusively at Maruti Suzuki’s Gujarat plant, for exports to 100 countries globally. Thanks to exports of Made in India cars, Suzuki has become the largest car importer in Japan, one of the most demanding automobile markets. This shift is a strong reflection of how ‘Make in India, Make for the World’ is unfolding in practice, demonstrating growing global trust in India’s quality, capability, and advancement in manufacturing,” added Suzuki.

The Kharkhoda facility operates as a ‘Suzuki Smart Factory,’ utilising digital technologies to monitor operations and Industry 5.0 practices, such as the use of collaborative robots (COBOTS).

Interestingly, 100 percent of the facility’s electricity is sourced through renewable methods, including an installed solar capacity of 20 MWp, which is planned to reach 70 MWp by 2030. The site also includes a biogas plant and a Battery Energy Storage System.

The plant functions as a zero liquid discharge facility, with water requirements met through recycling and rainwater harvesting.

Furthermore, an in-plant railway siding will be established to manage vehicle transportation.

The company is also conducting community development projects in 10 nearby villages and continues to operate Japan-India Institutes for Manufacturing (JIMs) to develop a skilled workforce. Maruti Suzuki currently operates manufacturing plants in Gurugram, Manesar, Hansalpur, and now Kharkhoda, with a target capacity of 2.9 million units by the FY2026-27.

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Hindustan Zinc has expanded its Bureau of Indian Standards (BIS) license to include Hindustan Zinc Die-Casting Alloy 5 (HZDA 5). The company now holds BIS certification for both HZDA 3 and HZDA 5, which are used in sectors including automotive, engineering and infrastructure.

The BIS certification confirms that products meet standards for quality, safety and reliability. This development is intended to provide customers with assurance regarding product consistency and performance.

Arun Misra, CEO & Whole Time Director, Hindustan Zinc, said, “The extension of our BIS license scope to include HZDA 5 is an important step in strengthening customer confidence in our certified product portfolio. For us, certification is not only about meeting standards, but also about assuring customers of dependable quality and long-term value. As industries increasingly look for high-performance and responsibly produced metals, Hindustan Zinc remains committed to delivering products that customers can trust.”

The company manages quality through processes including raw material sourcing, production, and testing. It uses systems such as the Laboratory Information Management System and Agile Quality Circle to monitor production. In addition to BIS, the company maintains certifications such as REACH and LBMA.

Hindustan Zinc produces zinc, lead, silver and alloys, including low-carbon offerings. The company also manages customer engagement through its digital platform, Vedanta Metal Bazaar.

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European auto major Stellantis has installed a blanking press at its Warren Stamping Plant in Michigan to increase in-house production capacity. This development supports the manufacturing of components for Chrysler, Dodge, Jeep and Ram vehicles in North America.

The Warren Stamping Plant and the Sterling Stamping Plant supply components – including hoods, doors and liftgates – to assembly plants in the U.S., Canada and Mexico. These operations contribute to the volume growth targets established in the FaSTLAne 2030 strategy.

Ed Daniels Jr., Vice-President of North America injection and stamping operations, Stellantis, said, “When people think about vehicle manufacturing, they usually picture the assembly line. But stamping is where that work begins. Sterling and Warren give our North America operations the scale, speed and flexibility needed to deliver precision parts on time, support key vehicle programs and help drive sustainable, profitable growth. As Stellantis executes its USD 13 billion U.S. investment plans, these plants and the people behind them are critical to strengthening our manufacturing foundation and keeping assembly operations moving.”

The new press at the Warren facility is expected to produce between 4.5 million and 6 million parts annually for the Ram 1500, Wrangler, Gladiator and Grand Cherokee.

Curtis Booth, Vice-President and Plant Manager, Warren Stamping Plant, Stellantis, added, “The new press has the capacity to produce between 4.5 million and 6 million parts annually for vehicles, including the Ram 1500 and three Jeep models – the Wrangler, Gladiator and Grand Cherokee. Together, the Hellcat line and the new blanking press give WSP the ability to both prepare and form critical vehicle components within a highly integrated manufacturing operation.”

Quality control is maintained using the Automated Body Inspection System, which validates geometry and precision during production.

Greg ‘Butch’ Bauer, Vice-President and plant manager, Sterling Stamping Plant, Stellantis, said, “Our workforce is what makes an operation like this possible. There’s a level of ownership and pride across every shift that ensures we’re delivering the same quality and performance at all times.”

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Chennai-headquartered two-wheeler and three-wheeler major TVS Motor Company has reached a new production milestone with the rollout of the one-millionth TVS iQube electric scooter from its manufacturing facility in Hosur.

This achievement, reached six years after the model's 2020 launch, highlights the adoption of electric two-wheelers in the Indian market.

The company said that the iQube community has achieved significant metrics since the model’s introduction, including covering 14.94 billion kilometres, 522,969 tonnes of CO2 saved, which translates to nearly plantation of 20.9 million trees.

The iQube portfolio has expanded since 2020 to include various battery capacities, range options and connectivity features. TVS Motor Co has supported this growth through a service and sales network consisting of more than 3,300 touchpoints across 3,000 cities.

Sudarshan Venu, Chairman, TVS Motor Company, said, “The rollout of one million TVS iQubes reflects the scale at which electric mobility is becoming part of everyday life in India. The milestone is built on years of investment in engineering, innovation and manufacturing capabilities that have enabled us to build world-class electric mobility solutions designed and manufactured in India for the world.”

The company credits this milestone to its focus on in-house R&D and manufacturing, noting that the iQube serves as a central element of its strategy to support India's transition to sustainable, self-reliant mobility.

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