Budget 2025: Clean energy tech focus amid transition
Last Updated: Feb 02, 2025, 08:47:00 AM IST
India's government supports clean technologies to enhance domestic value addition and create an ecosystem for solar cells, EV batteries, turbines, and high-voltage transmission equipment amid rising electricity demand and global supply challenges. These measures aim to drive capacity expansion and position India as a leader in clean energy manufacturing, aiding the country's 2030 non-fossil fuel power target.
As India moves towards energy transition, the government will focus on supporting clean technologies.
The move aims to improve domestic value addition and build an ecosystem for solar cells, electric vehicle batteries , motors and controllers, electrolyzers, wind turbines, very high-voltage transmission equipment and grid-scale batteries.
Budget with ET Budget Highlights: Gareeb, youth, annadata and naari feature in Budget.
What about taxes? New vs Old tax regime: Here's a decoder to help you choose the right one Will you pay more under new tax regime or old? Calculate here Transmission systems equipment has been in focus as India faces huge electricity demand and renewable energy integration amid global supply challenges in the segment.
Clean technologies are seen playing a critical role in India's energy transition and its ambitious target of having 50% of non-fossil fuel-based power by 2030.
The policy measures will drive capacity expansion, fortify supply chains, and position India as a global leader in clean energy manufacturing, according to Amit Paithankar, whole-time director and CEO, Waaree Energies .- Team ET
Tata Motors Passenger Vehicles is planning to invest Rs 37,500-40,000 crore over the next five years, up to FY31, as it targets a bigger production base, more models and annual sales of over 1.2 million units. ET also reported that the company wants revenue to cross Rs 6 lakh crore by FY31 with a 10 percent EBIT margin, with EVs and CNG models doing much of the heavy lifting. For buyers, the story is less about balance-sheet ambition and more about what kind of cars Tata wants to sell next.
Union Petroleum Minister Hardeep Singh Puri says petrol and diesel rates in India may ease once recently bought cheaper crude reaches refiners, after global oil prices cooled and Brent slipped below $80 a barrel. The signal matters because India imports most of its crude, so any sustained fall can filter through to motorists, freight users and inflation. But the relief is unlikely to be immediate, because fuel prices depend on inventory cycles, logistics and how quickly oil companies pass on lower input costs.
Union Petroleum Minister Hardeep Singh Puri says petrol and diesel rates in India may ease once recently bought cheaper crude reaches refiners, after global oil prices cooled and Brent slipped below $80 a barrel. The signal matters because India imports most of its crude, so any sustained fall can filter through to motorists, freight users and inflation. But the relief is unlikely to be immediate, because fuel prices depend on inventory cycles, logistics and how quickly oil companies pass on lower input costs.
Toyota has started deliveries of the Urban Cruiser Ebella electric SUV in India, turning the model from launch headline into a real-world ownership story. The top-spec E3 is priced at Rs 23.60 lakh ex-showroom, while Toyota is also offering a Battery-as-a-Service route that lowers the entry price to Rs 15.25 lakh and charges Rs 4.99 per km for battery use. For EV buyers, this is the point where Toyota’s first mass-market electric SUV begins proving itself on the road.
