The Automotive Component Manufacturers Association of India (ACMA) welcomes the Union Budget 2026–27 presented by the Hon’ble Finance Minister, Smt. Nirmala Sitharaman, and commends the Government for a pragmatic and forward-looking budget that reinforces India’s manufacturing priorities, export competitiveness and technology transition.
The continued focus on manufacturing and MSMEs, including measures to improve access to credit, promote scale and enhance productivity, is encouraging for the auto component industry. These steps will support capacity expansion and enable sustained investments in technology and innovation, which are critical for global competitiveness.
ACMA also welcomes the emphasis on advanced manufacturing, clean-energy technologies and domestic value chains for electric mobility and auto electronics. Support for localization of critical components such as batteries, power electronics and high-value electronic systems will strengthen supply-chain resilience and reduce import dependence.
The focus on exports, trade facilitation and logistics efficiency is timely, particularly in the context of global trade uncertainties. Measures to improve access to export credit and address non-tariff barriers will further integrate Indian auto component manufacturers into global supply chains and reinforce India’s position as a reliable sourcing hub.
The industry appreciates the steps towards rationalization of customs duties, correction of inverted duty structures and procedural simplification, which will lower costs and improve ease of doing business.
Commenting on the Budget, Vikram Pati Singhania, President, ACMA and Vice Chairman & Managing Director, JK Fenner (India) Limited, said, “The Union Budget 2026–27 lays a clear and credible roadmap for strengthening India’s manufacturing ecosystem. The sustained focus on MSMEs, clean mobility, and export facilitation will help the auto component industry navigate global headwinds while positioning India as a competitive and trusted manufacturing and sourcing destination.”
ACMA looks forward to continued engagement with the Government to support effective implementation of the Budget proposals and to further strengthen the auto component industry as a key pillar of India’s industrial and export growth.
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