After Nirmala Sitharaman, Union Finance Minister, presented the Union Budget for the year 2025-26 on 1 February 2025, Vikram Mohan, Managing Director, Pricol Limited shared his opinion by stating, “The Union Budget 2025-26 lays a strong foundation for India’s automotive sector, emphasizing growth, innovation, and global competitiveness.
For Pricol, reduced customs duties on electronic components could provide a boost considering our large electronics purchasing and consumption in our class of products.
We see this budget as an enabler for transforming India into a key hub for high-value automotive electronics-oriented manufacturing.”