While presenting the Union Budget today, Finance Minister Nirmala Sitharaman announced a new battery swapping technology in India and steps to boost the adoption of electric vehicles in India. The industry leaders generally welcomed the budget. Following are the reactions to the newly announced Budget from industry bodies and organisations.

FADA Welcomes Govt Efforts 

Vinkesh Gulati, President, FADA, said, “Union Budget 2022 seeks to lay the foundation for the next 25 years, from India@75 to India@100. With PM’s ‘Gati Shakti National Master Plan’, a INR 100-lakh crore project for building comprehensive infrastructure in India, it will be a significant step towards development. The budget has attempted to focus on each of the sectors and has also tried to stimulate the economy after the pandemic slowdown. FADA welcomes and supports the government's efforts and initiatives towards Electric Mobility. There is a clear emphasis on creative, sustainable and innovative business models. Battery Swapping & Energy as a Service (EAAS) will surely help accelerate the transition towards Clean Mobility. The development of special mobility zones for electric vehicles and promoting clean technology for public transport validate government commitment to E-mobility, which would boost confidence in the EV industry in terms of manufacturing, sales, and create a sense of assurance among customers. The government's plans for developing 25,000 kilometers of new highways will result in a push for infrastructure spending, which will result in an increase in Commercial Vehicle sales, as well as an addition of 2,000 kilometers of road under a new scheme known as 'Kavach' will be an additional benefit to the revival of this segment. With the extension of the ECLG scheme, it is a remarkable move by the government to support the MSME sector coming out of the slowdown caused by pandemics.” 

Gulati added, “The rural India has generally been the key driver for entry level passenger vehicle segment and two-wheeler space. With government plans on INR 2.3 lakh crore direct payment as MSP to farmers, it will work as a booster for two-wheeler, tractor and entry-level PV sector sales. However, an additional duty of rupees 2/ litre on unblended fuel from October 2022 could play a spoilsport for the already stressed 2W industry.” 

Budget Boosts EV Industry 

Sohinder Gill, Director General, Society of Manufacturers of Electric Vehicles (SMEV), said, “We welcome the measures announced by the honourable Finance Minister, today. The budget for 2022–23 gives a huge impetus to the electric vehicle (EV) industry. Introducing the battery swapping policy and recognising battery or energy as a service will help to develop EV infrastructure and increase the use of EVs in public transportation. It would motivate businesses engaged in delivery and ride aggregation businesses to incorporate EVs into their fleet. It will create new avenues for companies to venture into the business of battery swapping. Additionally, creating special clean zones will further accelerate the adoption of EVs and spread awareness amongst the citizens. The move will benefit the whole segment, i.e E2W, E3W, E-cars, and buses. The budget also provides attention to the need for skilled resources in the industry. Introducing new skill programs in ITI will bridge the skill gap that currently exists in the industry. The industry would be happy to work with the government to devise customized courses to meet the demands of the EV industry. Overall, the budget aims at strengthening the whole ecosystem of the EV industry, which will spur the demand for green vehicles.”

Additional Opportunities 

P B Balaji, Group CFO, Tata Motors, said, “Budget 2022 is an articulation of purposeful intent enabled by a clear action plan. Building on the excellent budget of last year, the government has wisely continued on the path of prioritising economic growth with calibrated fiscal prudence. For the Indian automobile sector, which is a significant contributor to the nation’s GDP, the budget offers continuity and also additional opportunities to drive multi-year growth. Specifically, the robust increase in capex by 35.4 percent to INR 7.5 lakh crore and a comprehensive investment plan for infrastructure is a significant growth booster. Additionally, the launch of the well-conceived PM Gati Shakti program for multi-modal transport including 100 cargo terminals and investments in 25000Kms of highways, apart from investments in ports and metros is an excellent development that will help create a world-class transport infrastructure in the country. This will reduce logistics costs and transit times, increase employment and make us globally competitive with avenues for better and efficient mobility solutions. Additionally, plans to create EV charging infrastructure including national policy for battery swapping which when combined with the already announced Automotive PLI scheme, furthers the agenda for green mobility. Tata Motors welcomes this balanced, thought through budget.” 

Bolster Electric Mobility

Rajesh Jejurikar, Executive Director, Auto & Farm Sectors, Mahindra and Mahindra Ltd, said, “The roadmap laid out to usher in sustainable mobility by the honourable Finance Minister in the Union Budget 2022-23 will bolster the electric mobility adoption in India. Battery swapping can offer a practical alternative to increase adoption of electric vehicles. As part of our Last Mile Mobility, we look forward to working with the government, policymakers and our partners to formulate and implement the battery swapping policy. This will include introducing interoperability standards as well as driving innovation in Battery as a Service business models.”  

Huge Impetus on Rural Growth

Nagesh Basavanhalli, Group CEO and MD, Greaves Cotton Limited, “The Union Budget 2022 has some important announcements to accelerate economic growth by focusing on 4 core pillars of productivity, climate action, financing investment and PM Gati Shakti Programme which will help strengthen our infrastructure and MSME sector. The expansion of the National Highway network will provide better connectivity to our towns and cities and strengthen the supply chain network. Overall huge impetus on rural growth through various schemes and technological intervention will help create more rural jobs and thereby create more demand from rural and semi-urban areas. The production linked incentives in several sectors announced by the government will help create more employment opportunities for the people. 

Basavanhalli added, “Digital ecosystem for skilling and livelihood through online training is a step in the right direction as this is a critical need of the hour by the industry. From the auto and EV sector's point of view, the battery swapping policy will boost the adoption of EV. Further, the government’s move to encourage the private sector’s involvement to create sustainable and innovative business models for battery and energy as a service, too, will be a game-changer for the growth of the entire EV ecosystem of the country.”  

Invest in India 

Ujjwal Jain, CEO and Founder, WealtDesk, “The government continued with a growth-oriented budget and took charge from the front. This can be seen by the 35.4 percent increase in CAPEX while maintaining a manageable fiscal deficit and very conservative tax revenue targets. Make in India continues to get the push - to boost defence innovation, 68 per cent of the capital procurement budget in defence will be earmarked for the domestic industry in 2022-23. The Unified Logistics Interface Platform (ULIP) was also announced in the budget speech, which will enhance efficiency and reduce logistics costs in the country. The other highlight was the 30 percent tax on Virtual Digital Assets with no set-offs and TDS of 1 percent. Bringing the Virtual Digital Assets into the tax net is a smart move with a forward-looking approach. The finance minister also announced the creation of a digital currency by the RBI. The government will form an expert panel to attract and encourage PE/VC investments. The panel will help identify the appropriate measures to increase investments and establish friendly policies for investors bringing foreign capital to Indian startups. This move can help reduce risks faced by foreign investors when investing in Indian startups. In all, the key takeaway from the budget can be "Invest in India".  

Futuristic Budget 

Sulajja Firodia Motwani, Founder and CEO, Kinetic Green, said, “Budget 2022 is a futuristic budget with focus on deployment of advanced technology like EV, green mobility and digitisation. The Budget 2022 announced by Hon’ble Finance Minister today is positive for the Electric Vehicle sector, which reinforced the Indian Government’s commitment to accelerating EV and green mobility eco-system in India. FM has announced that to foster the creation of electric vehicle ecosystem, a battery swapping policy will be devised. In order to scale up battery stations, a battery swapping policy will be brought out with inter-operability standards. There is an announcement on shift to use of public transport in urban areas by clean tech and with special e-mobility zones. Green Energy & Clean Mobility systems have immense potential to assist sustainable development & modernise the country. This will further enhance connectivity and digitization of the auto sector and is expected to help automotive in a greater way. The Minister also emphasized that private sector will be encouraged to develop sustainable and innovative models for battery and energy as a service which will increase efficiency in EV ecosystem. I am confident that this move will encourage manufacturers to enhance investments in this sector. Further announcements such as ramp up of capital expenditure and spending on infrastructure will boost economic growth. It is a futuristic budget with focus on the greening of economy and digital technology. We welcome this budget and appreciate Government’s steps to promote electric vehicles and tackle pollution in our cities.”

Growth-oriented Budget 

Suyash Gupta, Director General, Indian Auto LPG Coalition, said: ''With India remaining the best-performing economy among the larger economies as duly highlighted by the budget, the budget has stayed the course in terms of remaining a growth-oriented one. In terms of promotion of cleaner mobility, while the government’s intent to encourage battery swapping technology with an eye on galvanizing electric mobility is appreciated, it still remains to be seen what more is there in the fine print for promotion of cleaner alternative fuels. At the same time, the provision for sovereign green bonds with the aim of reducing the carbon intensity of the economy must be appreciated. Also, the encouragement of agroforestry, the extension of PLI schemes to the manufacturing of solar PV modules will further help in pursuing a more carbon-free economic pathway for the country. It must also be added that the increase of excise on unblended fuel will also help to some extent in achieving cleaner mobility. However, the bigger picture with regard to air quality has been missed. Electric is a while away. What does the country do in the interim? Low hanging fruits like Auto LPG need to be acknowledged, which could bring immediate relief to the urban air pollution.'' 

Forward-looking Budget 

Parag Satpute, Managing Director, Bridgestone India, said, “This is a forward-looking budget that focuses on not only the economic health of the country but also takes into account physical and mental health. This is indeed a major milestone in India. The PM Gati Shakti plan and the corresponding announcement of additional 25, 000 km of roads will spur growth in the mobility sector. The government’s initiative on electric vehicles and the announcement on a battery swapping policy is a major boost to the nascent EV sector and will boost customer confidence in EVs.”

Intention to Revive Travel Industry 

Manish Rathi, CEO & Co-founder, IntrCity, said, "We welcome the government's commitment to expanding the national highway network by 25,000 kilometres this fiscal year. The Finance Minister needs to be complimented for her vision to usher 9.2 percent economic growth. This is very much possible in view of the allocation of INR 20,000 crores to the National Highway System. This shows the government's intention to revive and transform the beleaguered travel and transport industry. We endorse the GOI's aim to improve road connectivity by redesigning the roads in hilly areas under the Parvat Mala initiative, which will improve connectivity for commuters. The government seems inclined to strengthen and support public transport infrastructure in urban areas and allocate funds through low-interest loans to small travel operators; this is a good sign. These would help us expand our SmartBus fleet's presence deep inside India's heart and provide comfortable, convenient, and safe mobility solutions in Tier 2 and Tier 3 cities." 

Progressive Budget 

Suresh KV, President and Regional Head, ZF India, said, “Union budget 2022 is progressive and with the continuous support of the government we are optimistic that the industry will soon return to the path of growth in 2022. The announcement of allocation of INR 20,000 crores for infrastructure projects and the announcement of 25,000 kms of additional National Highway network during FY 22-23, is a much welcome move. This will have a positive impact on the transportation industry and the auto sector, at large. The Government focus on green mobility was evident and the special new battery swapping policy for the EV infrastructure will boost the EV ecosystem and lead to faster adoption. The special focus towards clean technologies and electric vehicles for public transport will positively impact companies manufacturing and supplying technology to electric buses and commercial vehicles. The move to boost the rural economy with the announcement of MSP payment of INR 2.73 lakh crores coupled with other benefits, will aid the farming sector and is bound to enhance the rural economy and sentiments. The
concessional corporate tax of 15 percent for more than one year till March 2024 will provide the much-needed impetus for the Covid impacted manufacturing segment. This is further bolstered by the eagerly anticipated re-look at the SEZ act, which will boost the competitiveness of the Indian manufacturers. Overall, the budget 2022 has several measures that are likely to create a positive impact on the Indian auto sector that has been gravely hit by the COVID 19 pandemic, and we at ZF in India welcome this”. (MT) 

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Luxury carmaker Mercedes-Benz India has launched the EQS 580 4MATIC 'Celebration Edition’, an upgraded version of its flagship EQS 580 4MATIC sedan.

This special edition commemorates the brand’s growing success in the battery electric vehicle (BEV) segment, driven by high-end models and celebrates the EQS range’s position as a benchmark in luxury BEVs. The EQS boasts cutting-edge technology, including the ‘MBUX Hyperscreen’, opulent interiors and an industry-leading range for electric vehicles in India. The ‘Celebration Edition’ enhances rear-seat luxury, offering best-in-class comfort, space and an elevated experience for discerning customers.

Simultaneously, Mercedes-Benz inaugurated the ‘Atelier Experience’ at Sundaram Motors in Adyar, Chennai, expanding its premium retail network across key metros like New Delhi, Mumbai and Hyderabad. This facility underscores the brand’s commitment to bespoke luxury, featuring personalised consultations and modern retail concepts. Strategically located in an upscale neighbourhood with strong luxury customer presence, the 3,800 sq. ft. showroom spans a 7,500 sq. ft. plot, offering flexible displays for sub-brands like Maybach, AMG and G-Class. The design allows effortless brand element transitions, maximizing premium showcase impact.

Aligned with its ‘go to customer’ strategy, Mercedes-Benz is expanding into emerging mini-metros, planning 30 new or upgraded luxury touchpoints in 2025, with 19 set to launch in the next five months. This initiative reinforces the brand’s focus on accessibility and elite retail experiences.

Santosh Iyer, Managing Director & CEO, Mercedes-Benz India, said, "We are excited to launch the EQS 580 'Celebration Edition' alongside our strategic network expansion in Chennai. This dual announcement exemplifies Mercedes-Benz's deep commitment to uphold both product excellence and customer experience. The EQS 'Celebration Edition' signifies growing customer interest in our top-end BEVs, as we continue to outpace the market growth, regularly upgrading our luxury BEV portfolio. Our BEV growth is strongly driven by demand for top-end BEVs comprising EQS sedan and SUV, EQS Maybach SUV and the G 580 with EQ Technology. Similarly, qualitative network expansion demonstrates our customer commitment beyond luxury products, introducing boutique luxury experiences in established metropolises like Chennai.

“After the highly exclusive Maybach Lounge in Hyderabad, the G-Lounge in New Delhi, we are now introducing the bespoke ‘Atelier Experience’ in Mumbai and in Chennai, where discerning customers can configure their cars with MANUFAKTUR range of customization options. Hyper-personalisation is an emerging trend at the top-end luxury segment, and with exclusive Maybach Kit and G-Class Kit comprising physical material samples combined with state-of-art online configurator, customers can have a physi-digital experience, while configuring their personalised top-end Mercedes-Benz car.”

Sharath Vijayaraghavan, Executive Director, Sundaram Motors, said, “We are extremely proud of our association with Mercedes-Benz known for its innovation, Leadership & Strong Legacy. With both brands having vintage over 100 years, the shared values of both the companies have paved the way for such formidable partnership of 25 years with several more years to come. Our eleven facilities are designed for customer convenience, and our eleven Sundaram Signature Service offerings provide flexible support to meet any additional customer requirements.”

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Vietnamese automotive brand VinFast has announced its collaboration with Global Assure to strengthen its customer service network across India. The automaker aims to strengthen its aftersales service network before formally introducing its products in the Indian market.

As part of the understanding, Global Assure will oversee the seamless delivery of essential customer care services, including a dedicated 24x7 call centre, nationwide Roadside Assistance (RSA), Mobile charging solutions and on-demand Mobile service operations. These services will be accessible to VinFast customers across the country, ensuring quick, reliable, and convenient support, anytime and anywhere.

Pham Sanh Chau, CEO – Asia, VinFast, said, “As VinFast is gearing up to launch its premium electric SUVs – the VF 7 and VF 6 in India market, this partnership underlines the brand’s commitment to ensure prompt, dependable and customer-focused support across the country. Global Assure’s strong capabilities and nationwide reach are well aligned with our commitment to quality, convenience and care. Together, we aim to establish a holistic and reliable electric mobility ecosystem in India that extends beyond our vehicles to offer true peace of mind for our customers.”

Manish Vij, Co-founder & CEO, Global Assure, said, “We are excited to be the trusted partner of VinFast’s customer support in India. With Global Assure’s extensive expertise in deep understanding of Indian customer needs and pan-India presence, VinFast customers can expect efficient response times and high-quality service making every journey smoother, safer, and more reassuring for VinFast owners.”

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Maruti Suzuki India (MSIL), the country’s largest passenger vehicle maker, has launched the 2025 Grand Vitara S-CNG starting at INR 1.34 million. The 2025 Grand Vitara S-CNG is powered by the next-gen K-series 1.5-litre, Dual Jet, Dual VVT engine, offering a fuel-efficiency of 26.6 km per kg. The Grand Vitara is now available with a wide range of environment-friendly powertrain technologies including S-CNG, Strong Hybrid and Allgrip Select 4x4.

Partho Banerjee, Senior Executive Officer, Marketing and Sales, Maruti Suzuki India, said, “The new 2025 Grand Vitara S-CNG offers a range of new convenience & safety alongside the introduction of 6 airbags as standard. Powered by our next-gen K-series 1.5-litre Dual Jet Dual VVT engine, it delivers remarkable fuel-efficiency, without compromising on its exhilarating SUV drive experience. We are confident that the new Grand Vitara S-CNG will continue to win the hearts of customers with its robust safety and commendable efficiency.”

The company has equipped the new Grand Vitara S-CNG with comprehensive safety for all occupants with 6 airbags offered as standard. This is further complemented by a range of safety features including Electronic Stability Program (ESP) with Hill Hold Assist, Anti-lock Braking System (ABS) with Electronic Brakeforce Distribution (EBD), Front and Rear Disc Brakes, ISOFIX Child seat restraint system and more.

In terms of features, the Grand Vitara S-CNG comes with Auto Purify with PM 2.5 Display, 22.86cm (9-inch) SmartPlay Pro+ Entertainment System with Wireless Connectivity and Steering Mounted Audio Controls, Premium Sound System by Clarion~, Tyre Pressure Monitoring System (TPMS), Rear View Camera, Wireless Charging Dock, Ventilated Front Seats, Automatic Climate Control, Rear AC Vents, Reclining Rear Seats with 60:40 split, Keyless Entry With Engine Push Start/Stop Button, Auto-Folding ORVMs, Suzuki Connect and more.

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Stellantis-owned French auto brand Citroen India has unveiled the C3 Limited Sport Edition, a new variant of its popular hatchback with a range of exclusive features.

The C3 Sport Edition distinguishes itself with bold 'Sport' decals, ambient cabin lighting and sporty pedals. The interior features custom sport-themed seat covers, matching carpet mats and seatbelt cushions to complement its athletic identity. Additionally, a new Garnet Red body colour has been introduced for the first time in the C3 lineup. Buyers also have the option to add a wireless charger and a dash cam.

Kumar Priyesh, Business Head & Director – Automotive Brands, Stellantis India, said, "The Citroen C3 has always stood out with its unique styling and plush ride quality fused with performance, making it a compelling choice in the hatchback segment. The C3 Sport Edition brings more energy, tech and thrill to a car already known for its bold design and ride quality. With the addition of Garnet Red and sporty enhancements, caters to a distinct generation of buyers who value individuality, class-leading performance, unmatched comfort and everyday practicality – reinforcing to Citroën’s promise of accessible innovation and design-led appeal."

Beyond its visual enhancements, the C3 Limited Sport Edition retains the C3's performance capabilities. It is powered by a 1.2L Turbo PureTech engine that delivers 110 PS and 205 Nm of torque, enabling a 0-100 kmph sprint in just 10 seconds. The vehicle also offers a 6-speed torque converter automatic transmission.

The Citroen C3 Limited Sport Edition is now available at all Citroen dealerships across India. It carries a premium of INR 21,000 over the standard editions, with the optional Tech Kit (Dashcam and Wireless Charger) available for an additional INR 15,000.

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