India, Feb. 1 -- Finance Minister Nirmala Sitharaman has revealed the Union Budget 2026-27, and while it did not address some immediate industry "Wishlist" items - such as a GST cut for hybrid vehicles or a larger FAME 3 subsidy outlay - the government continued to focus on long-term support. In particular, it emphasised helping the auto sector move from simple vehicle assembly to full value-chain ownership, especially in the electric vehicle segment. It aims to accelerate the adoption of alternative fuels while lowering costs across the electric vehicle and battery value chain. Here are the major auto-sector highlights from the Finance Minister's ninth Budget speech in Parliament.

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