The Union Budget 2026–27 allocated Rs 1,000 crore toward India Semiconductor Mission (ISM) 2.0, while the government has already approved 10 ISM projects worth Rs 1.60 lakh crore across six states.
The result is an ecosystem that is becoming increasingly efficient at assembling EVs without fully controlling the technologies that power them
The industry's next phase will be determined by whether the country can make charging more accessible, build dependable service networks beyond major cities
According to JMK Research & Analytics, India installed 960.88 MW of residential rooftop solar capacity under the PM Surya Ghar Muft Bijli Yojana during June 2026
The move comes at a crucial juncture. India has already crossed 150 GW of installed solar capacity and is pursuing an ambitious target of 500 GW of non-fossil fuel capacity by 2030.
