New Delhi, Feb. 1 -- The Union Budget 2025-26 has garnered a positive response from the auto industry, with industry leaders welcoming the government's "focus on long-term economic growth, manufacturing, and regulatory reforms".

Speaking on the budget announcements, Shailesh Chandra, president, Society of Indian Automobile Manufacturers (SIAM), expressed optimism about the impact on the sector.

"We welcome this budget which is focused on long-term sustained economic growth. The specific focus on rural prosperity and agriculture, coupled with reforms in the personal income tax, is likely to have a positive effect on the auto industry, and will help in creating demand," he said.

Chandra highlighted the significance of the National Manufa...