New Delhi, February 2025.
The Union Budget 2025-26 announcements will help in boosting business of companies in banking, IT, manufacturing, retail, pharmaceuticals, finance, artificial intelligence, EV, automobile sectors. Check how corporates have reacted on Budget 2025 announcements.
FICCI President Harsha Vardhan Agarwal said: “The budget proposals will re-energise the economy by lifting the sentiments of the middle class and nudging the private sector to advance its investment plans as demand improves across sectors.”
Mr. Vikram Gulati, Country Head and Executive Vice President – Corporate Affairs and Governance – Toyota Kirloskar Motor Said’
“Toyota Kirloskar Motor commends the Union Budget 2025-26 for its focus on reforms, infrastructure development, reinforcing fiscal discipline, rationalising taxation, and fostering domestic manufacturing – all aimed at driving holistic development.
The increased allocation for capital expenditure demonstrates the government’s persistent commitment towards infrastructure modernisation, a crucial factor in accelerating growth across industries and improving their competitiveness including automotive sector.
Lowering of taxation through Income Tax measures and the PM Dhan Dhanya Krishi Yojana for the farming community will significantly benefit the common man, enhance consumption and create demand leading to faster economic growth.
Continued and strong support to MSMEs, with special focus on labour-intensive sectors and first-time entrepreneurs will spur innovation and growth, aligning well with India’s ambition of becoming a manufacturing major.
Further, the inclusion of 35 additional capital goods for EV battery manufacturing is an important step towards localizing lithium-ion battery production which will help in lowering import dependency, and further strengthening India’s energy security goals. This will not only accelerate clean technology adoption but also create a robust supply chain supporting India’s Carbon Neutrality goals for 2070.
At Toyota Kirloskar Motor, we stand firmly with the government’s vision of a self-reliant, sustainable, and globally competitive automotive industry. Our unwavering commitment to advancing clean energy technologies, deepening investments in local manufacturing, skilling and contributing to India’s ‘Viksit Bharat’ vision reflects our dedication to driving economic growth while upholding environmental responsibility.”
Vedanta Chairman Anil Agarwal called the Union Budget 2025 a ‘visionary’ budget which has stimulated a “perfect jugalbandi of robust consumption growth and accelerated investment”
“The Budget has hit the perfect note, providing great relief to the middle-class by making incomes up to ₹12 lakh per annum completely tax-free. This is the biggest section of the middle-class. It has also significantly reduced the tax burden for incomes up to ₹24 lakh. We have made a decisive move to a world-class tax system which will be simple, transparent and friendly to taxpayers,” said Vedanta Chairman Anil Agarwal