EV Battery And Solar Panel Manufacturing: How Union Budget 2026‑2027 Accelerates India's Supply Chain Shift

Executive Summary

India's clean‑energy manufacturing landscape is entering a defining moment. The Union Budget 2026–27 signals a strategic shift toward building world‑class capabilities in EV battery production and solar panel manufacturing, two industries that will shape the country's energy security and global competitiveness over the next decade. With a blend of customs duty reforms, significant capital investments, and targeted industrial schemes, the government is laying the groundwork for a self‑reliant ecosystem that can accelerate electrification, reduce import dependence, and drive innovation across the value chain. These measures reflect a broader national ambition: to position India not just as a large clean‑energy market, but as a manufacturing powerhouse in the global transition.