Tata Motors Seeks EV Incentives; Market Participants Request Equity Tax Relief Ahead of Budget

Ahead of the Union Budget 2026-27, Tata Motors has requested targeted incentives for entry-level electric vehicles and support for fleet EVs under the PM E-DRIVE scheme, citing competitive pressures from GST reforms and the environmental benefits of fleet EVs. Concurrently, market participants have urged the government to ease capital market taxation by raising the long-term capital gains exemption limit, standardizing holding periods, and avoiding increases in transaction taxes to encourage retail and long-term investment.