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- Gunjan Malhotra, co-founder, Komaki Electric- Leading EV 2W &3W manufacturer
- Himanshu Arya, Founder & CEO, Luxury Cart- a one stop destination for pre-owned car owners
“The pre-owned car segment has seen a significant rise in demand and is growing at the faster pace then the new car market. The government is continuously supporting the automobile industry through various incentives and policies for new cars but the pre-owned cars as a segment hasn’t been the focus area.
This year the pre-owned car industry is hopeful about possible lowering of tax in the upcoming budget that could make pre-owned vehicles more accessible. The booming sector is also optimistic about supporting simple financing options from the banks with regulatory push, such as extended loan schemes and interest rate as competitive as new cars, specifically designed for pre-owned cars.
Additionally, the industry is expecting incentives to promote the pre-owned car industry as an organised, streamlined, and transparent segment. Encouraging EV resale initiatives and providing subsidies for refurbished EV batteries can also contribute to the government’s push for sustainable mobility in the segment. Overall, the industry is hoping for policies that will not only make it easier for people to purchase pre-owned vehicles but also encourage the adoption of more environmentally friendly options”.
- Kunal Sethi, CEO of The Detailing Mafia—leading car Detailing Brand
“In the upcoming budget, the industry is eagerly anticipating crucial reforms that can unlock the true potential of the sector. The auto sector is awaiting simplification and rationalization of GST classifications for auto components. They are expecting a streamlined GST classifications to help create a more competitive environment for all stakeholders. Aimed at easing compliance and enhancing the efficiency of the sector, it will have a cascading effect on supply chain, including businesses where cost structures are influenced by the tax.
Likewise, in order to boost domestic manufacturing, Production Linked Incentive (PLI) scheme with more transparency and accountability in the allocation of incentives is expected. Along with this, industry players are also looking forward to policies focused on addressing the challenges impeding the growth of the sector and more developments are expected, giving impetus to electric vehicles in the sector.”
- Vivek Mehra, Co-founder & Chief Sustainability Officer at Onlygood.ai
- Mr. Anthony Fernandes, Founder – Shaalaa.com
” As we approach the Union Budget, key focus areas must include steps to empower education and bridge digital gaps. A reduction in GST on education services is essential to make quality learning more affordable and accessible, especially for middle-class families. Additionally, targeted investments in rural internet infrastructure are critical to bringing underserved communities into the digital economy, enabling them to participate in new-age learning and employment opportunities.
To address India’s growing skills gap, the government should provide incentives for vocational training platforms to foster job-ready talent across sectors. Skilling initiatives, particularly in areas like digital literacy, green energy, and logistics, will drive employability and long-term economic growth.
A future-ready economy requires a workforce equipped with both education and skills. By focusing on reducing education costs, expanding connectivity, and supporting skill-building platforms, the Budget can ensure that India’s youth are prepared for emerging opportunities in a rapidly evolving job market. ”
- Siddarth Pai, Founding Partner and CFO, 3one4 Capital & Co-Chair, Regulatory Affairs Committee, IVCA
“2024 witnessed quarter on quarter capital formation via AIFs dip to single digits, compared to double digit growth in 2023. AIFs play a crucial role in terms of capital formation in India and investments in the Indian economy. The last budget saw the rationalization of tax rates between listed and unlisted entities, a longstanding ask of Indian AIFs and startups. The need of the hour is clarity and parity: tax clarity on numerous operations of AIFs, such as the characterization of their gains, tax treatment at the end of a fund’s life, how demataterizaliton of Units will play out with the atx code; Parity between foreign and domestic funds in terms of taxation is also required. Both of these will be crucial to attract foreign investors to AIFs; if they see Foreign Funds enjoying better tax treatment in India, they would prefer these foreign vehicles instead of Indian AIFs. This parity will also attract investors and fund managers to GIFT IFSC as it seeks to establish itself firmly amongsgt international financial centres. As the uncertainty around the elections of 2024 has abated, Budget 2025 must deliver on the twin asks of clarity and aprity to allow AIFs to garner capital and kick start a new investment cycle
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Mr. Sandeep Ahuja Global CEO of Atmosphere Living on the pre-budget 2025.
“The luxury real estate sector in India continues to be on an upward trend and is likely to remain so. Therefore it is of utmost importance to lead on the policies that incentivize buyer involvement. Sustainability incentives will help to increase the resonance of green projects, which correspond to the viability of the projects all over the world, and therefore, they are likely to be sought after. Those steps will contribute not only to the attraction of capital but India will also strengthen its position as the leader in the real estate sector. Apart from that, there is also a necessity for policies that enhance the ease of doing business including a relaxation in the FDI norms. These changes will help boost both local and foreign investments, and thus, the real estate market will become more vibrant. With the right blend of changes, the budget can thus be an engine for prosperity in the long run, and the right investors will be heading to India’s enlarging luxury real estate market.”
- Mr. Gayomard Driver – Executive Director & Group Chief Financial Officer Jeena and Company
“As a key driver of India’s economic growth, the logistics industry anticipates The Union Budget 2025 to prioritize efficiency and innovation. Simplifying GST, accelerating multi-modal logistics parks, and incentivizing green logistics are essential to align with the National Logistics Policy.
While technology will continue to be the transformative power revolutionizing logistics operations and enhancing connectivity; it is equally important to focus on the training and skill development of aspiring professionals to remain competitive in the digital era.”
- Mr. Jasdeep Singh, Group CEO, CARE Hospitals.
“The Union Budget 2025-26 presents a vital chance to enhance India’s healthcare system. CARE Hospitals urges increased public healthcare funding, rural infrastructure development, and expansion of Ayushman Bharat to outpatient care. Reducing GST on cancer care equipment, revising scheme reimbursements, promoting MedTech innovation, and supporting medical tourism can ensure accessible, quality healthcare for all and position India as a global healthcare hub.”
- Saurabh Marda, Co-founder and Managing Director, Freyr Energy
The Union Budget 2025 is a pivotal moment for India’s solar energy growth. Last year was a a landmark year for the residential solar sector. It witnessed unprecedented growth driven by the government’ PM Surya Ghar Muft Bijli Yojana. The focus should be on ensuring that sufficient domestic manufacturing capacity is there to fulfil upcoming demand. In addition to this, the entire process of loan evaluation and disbursal for residential solar loans should be digitised. Finally, the government should further streamline/standardize/
- Gopal Jain, Managing Partner & Co-Founder, Gaja Capital, and Co-Chair of the Regulatory Affairs Committee, IVCA.
“At the pre-Budget consultation with Hon’ble Finance Minister Smt. Nirmala Sitharaman, IVCA emphasized the need to build on the positive policy momentum from the previous Union Budget to further strengthen the Indian alternate capital ecosystem.
Additionally, unlocking pools of domestic capital remains critical.
By implementing these measures and modernizing regulatory frameworks, India can pave the way for a robust and globally competitive alternative investment landscape. We remain optimistic about the government’s continued support in the upcoming Union Budget.”
- Ashish Sahay, Countr
y Manager & Sales Director – SEA, Wirepas
At Wirepas, we see this as a defining moment to drive innovation through our decentralized mesh technology, uniquely designed to meet India’s challenges. Our solutions already power over 4 million smart meters under the Advanced Metering Initiative (AMI), ensuring accurate and uninterrupted data collection, even in remote rural areas. This directly supports India’s energy transition goals by reducing electricity distribution losses, which currently average 20%.
The Indian smart metering market is set to grow at a CAGR of 10.2%, targeting over 250 million smart meters by 2030. Additionally, the country’s Smart Cities Mission, projected to reach $28.7 billion by 2027, relies on IoT technologies to transform urban infrastructure, energy management, and logistics.
Wirepas is proud to play a vital role in this transformation. By delivering scalable, energy-efficient, and cost-effective connectivity solutions, we aim to support India’s vision of a sustainable, interconnected future and strengthen its position as a global IoT leader.
- Mr. Harshvardhan Tibrewala, MD, Vida Realty
