Budget 2025, Feb. 1 -- Finance Minster Nirmala Sitharaman has proposed to add 35 additional capital goods for Electric Vehicle battery manufacturing, and 28 additional capital goods for mobile phone battery manufacturing for Basic custom duty exemption. This is expected to boost domestic manufacture of lithium-ion battery, for mobile phones & Electric Vehicles or EVs

Speaking on the positive in Budget Manish Jain- Chief Strategy Officer, Institution Business, Mirae Asset Capital Markets highlighted benefits in the EV battery space along with other positives though there are certain pockets and sectors where he does not see any major benefits too.

Overall, it is positive for FMCG, Consumption, Retail, Realty, Auto and new-age companies, ...