Budget 2026: Mobile phone batteries and EVs to get cheaper as customs duty

By FnF Correspondent | PUBLISHED: 01, Feb 2026, 12:51 pm IST | UPDATED: 01, Feb 2026, 12:51 pm IST

Union Finance Minister Nirmala Sitharaman, during the Union Budget 2026–27 presentation in Parliament, announced key proposals related to basic customs duty exemptions for the clean energy manufacturing sector.

The Union Finance Minister stated that the basic customs duty exemption on capital goods used for manufacturing lithium-ion cells for batteries will be extended to capital goods used for manufacturing lithium-ion cells for battery energy storage systems.