Auto Pli News Today

MG Motor’s Comet EV, a small urban hatch, is likely to benefit from the governments PLI scheme due to its increased focus on localization and an Indian pedigree.The ministry of heavy industries may again review MG Motor India’s application to the PLI scheme for the auto sector

Budget 2024: The allocation under the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles scheme, while reduced from the consumer perspective, still carries the potential to stimulate demand, Raptee Energy CBO Jayapradeep Vasudevan told Mint.

The government forms a committee, headed by an Additional Secretary in the Ministry of Heavy Industries, to assess the auto industrys request for expanding the Production Linked Incentive (PLI) scheme. The committee, comprising 11 members, will consider integrating more automotive components into the PLI scheme due to technological advancements. The PLI Scheme for Automobile and Auto Components sees a one-year extension, targeting determined sales over five consecutive financial years (2023-24 t...

The government is still working on the standard operating procedures (SoPs) for claiming incentives, nearly two years after the scheme became operational

Failed Investment Under Auto PLI Plan: As many as 95 companies were shortlisted for the PLI scheme for the auto industry. Of these, 20 companies were under the original equipment manufacturer (OEM) category, including Maruti Suzuki and Tata Motors, and 75 companies under the component maker category, including Bosch and Lucas TVS.

As many as 95 companies were shortlisted for the PLI scheme for the auto industry. Of these, 20 companies were under the original equipment manufacturer (OEM) category, including Maruti Suzuki and Tata Motors, and 75 companies under the component maker category, including Bosch and Lucas TVS.