Mr. Madhav Sheth, CEO, Ai+ Smartphone and Founder, NxtQuantum Shift Technologies said, "India's consumer tech landscape is on the brink of transformation, moving beyond just assembly lines. With the rise of AI-integrated devices that are increasingly sophisticated and costly, it's imperative that the 2027 Union Budget focuses on more than just scaling up. We need to incentivize deep value creation, pushing for substantial support in manufacturing essential components right here in India such as think camera modules, batteries, PCBs, enclosures, chargers and wearables.
Moreover, backing research, development, and the creation of intellectual property in system design and software-driven innovation is crucial.
Building a robust supply chain isn't merely a choice anymore; it's a necessity for our strategic future. This is the quickest path to lessen our reliance on China as the go-to hub for manufacturing and sourcing. By fortifying our position in this area, we ensure that India remains competitive on a global scale across all sectors."
Pre-budget Quote on behalf of Pratik Kamdar, Co-founder & CEO, Neuron Energy:
India's electric mobility journey has reached a critical inflection point. Adoption is accelerating, manufacturing capacity is expanding, and policy intent has been consistent. However, the next phase of EV growth will not be defined by headline adoption numbers alone.
From a manufacturing standpoint, this budget comes at a time when India's EV and battery ecosystem is moving from early adoption to real scale. Demand for lithium-ion batteries is growing rapidly, with the market projected to expand at close to a 39% CAGR through 2030, driven by EVs and renewable energy storage. To support this growth, manufacturers need timely execution of PLI incentives, easier access to long-term capital, and faster approvals on the ground.
Workforce skilling, testing infrastructure, and stronger domestic supply chains will decide how quickly plants stabilise. A budget that backs localisation, R&D, and recycling will help the sector scale sustainably and reduce long-term import dependence.
