US EditionBudget 2026: Smartphones and EV batteries set to become cheaper as customs duty exemptions are extended
2 Articles
2 Articles
Presenting the Union Budget 2026, Finance Minister Nirmala Sitharaman announced that customs duties will be exempted on capital goods used in the energy sector, including lithium-ion cells, battery energy storage systems (BESS), and related manufacturing. This will benefit the consumer electronics and smartphone sectors.
Budget 2026: Smartphones and EV batteries set to become cheaper as customs duty exemptions are extended
Finance Minister Nirmala Sitharaman in the Union Budget 2026-27, put emphasis on domestic manufacturing and the reduction of the cost of first-rank consumer products. Additionally, the Healthcare and clean energy will also become more affordable through the government. The change in customs duties is one of the important factors in the Union Budget 2026-27. Some items will get cheaper, while others will see a rise in price to promote local produ…
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