Budget 2026 Expectations Live Updates: Will FM Sitharaman’s Union Budget help mitigate impact of Trump’s tariffs?

Strengthening infrastructure, particularly road networks, alongside tax and duty rationalisation, a predictable long-term policy environment and measures to ensure stable foreign exchange conditions in the forthcoming Union Budget could play a crucial role in driving faster expansion in the luxury car market, Audi India Brand Director Balbir Singh Dhillon said.

He described Union Budget 2026 as a significant chance to consolidate India’s growth trajectory and bolster consumer confidence, especially amid ongoing geopolitical uncertainties. Finance Minister Nirmala Sitharaman is scheduled to present the Budget on February 1.

“The luxury automobile sector is closely aligned with macroeconomic stability, rising disposable incomes, a conducive business environment, and a buoyant equity market – all of which contribute to positive consumer sentiment,” Dhillon said.

Welcoming the government’s efforts towards simplifying and streamlining GST and cess structures, he added, “continued emphasis on infrastructure development – particularly roads and high-speed charging infrastructure – along with rationalisation of taxes/duties, a stable long-term policy framework, and steady foreign exchange conditions will be instrumental in accelerating growth in the luxury car industry.”

Dhillon further noted, “We remain optimistic that the forthcoming budget will serve as a catalyst for boosting overall consumption, including in the luxury automobile segment.”