Latha Chembrakalam, Vice president, Continental: “We particularly appreciate the focus on skill development and workforce participation, especially for women”
The Union Budget 2025 lays a strong foundation for long-term, inclusive growth. We appreciate its emphasis on strengthening Research and Development, thus fostering innovation. The budget’s support for the automotive component industry and MSMEs through various initiatives such as supply chain enhancements, export promotion, and streamlining of customs duties and tax structures will be instrumental in driving India’s self-reliance in advanced automotive technology.
We welcome the continued emphasis on technology as a driver of economic expansion, particularly in digital public infrastructure and R&D-led innovation. The establishment of Centres of Excellence in AI for education and initiatives like BharatTradeNet and the export promotion mission will not only support global supply chain integration but also open new avenues for AI-driven automotive advancements, autonomous mobility research, and smart manufacturing. Therefore, strengthening R&D capabilities will be crucial in positioning India as a global leader in automotive technology.
The restructuring of income tax slabs is expected to boost consumer demand which could further drive demand for technologically advanced, connected vehicles.
Focus on Skill Development Commendable
We particularly appreciate the focus on skill development and workforce participation, especially for women. Investments in STEM education, upskilling programs, and global skilling partnerships will ensure that India builds a future-ready talent pipeline. This will further encourage greater participation of women in R&D and manufacturing and help foster a more inclusive and diverse workforce, thus strengthening India’s position as a global innovation hub.
What the Automotive Industry can Expect
The automotive industry stands at a transformative juncture, and with the right policy framework, India has the potential to lead in next-generation mobility solutions. The budget’s measures will drive R&D excellence, productivity, and global competitiveness, paving the way for India’s emergence as a hub for cutting-edge automotive technology and innovation.
