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Sona Comstar PLI Certification: Sona Comstar receives second PLI certification for E2W hub wheel motor, ET Auto

Sona Comstar PLI Certification: The company had filed seven applications for different products under the PLI scheme, and it has received the certification for its two products till now, the company said.

India , Sona-comstar , Ministry-of-heavy-industries , Precision-forgings-ltd , Auto-production-linked-incentive , Production-linked-incentive , Auto-component-industry , Heavy-industries ,

Revenue growth of auto component industry to moderate to 5-7 pc in FY25: Report

Annual revenue growth of leading auto component manufacturing companies will come down to 5-7 per cent in the next fiscal due to moderation in domestic volumes and a drop in exports, rating firm Icra said on Tuesday. According to Icra estimates, its sample of 45 auto ancillaries, with aggregate annual revenues of Rs 2.7 lakh crore in FY23, is likely to grow by 9-11 per cent in FY24, driven by healthy domestic demand despite a high base and moderate growth in exports.

Icra , Auto-component-industry , Revenue-growth , Moderate , Fy25 , Report , Manufacturing-companies , Domestic-volumes , Exports ,

Electric two-wheelers' sales jump despite cut in FAME subsidy

The government's initiatives, including the introduction of Production Linked Incentive (PLI) schemes, aim to encourage the adoption of electric vehicles (EVs) and support the transition to a greener economy. Minister Krishan Pal Gurjar highlighted these efforts during a parliamentary session.

India , Rajya-sabha , Krishan-pal-gurjar , Ministry-of-heavy-industries , National-mission-on-electric-mobility , National-programme-on-advanced-chemistry-cells , National-electric-mobility-mission-plan , Heavy-industries , Original-equipment-manufacturers , Project-implementation , Sanctioning-committee , Faster-adoption

'No separate policy for Tesla'

'No separate policy for Tesla'
deccanherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from deccanherald.com Daily Mail and Mail on Sunday newspapers.

Rajya-sabha , National-programme-on-advanced-chemistry-cells , Production-linked-incentive , Auto-component-industry , National-programme , Advanced-chemistry-cells , Battery-storage- , Advance-automotive-technologies , Business-news , Tesla , Tesla-news , Elon-musk

Ola Electric becomes first Indian 2W company to receive certification for Auto PLI Scheme

Bengaluru : Ola Electric has become the first Indian 2W company to receive Domestic Value Addition (DVA) certificate under Production Linked Incentive (PLI) Scheme for automobile and auto component industry. The company successfully met the DVA crit

Tamil-nadu , India , Bengaluru , Karnataka , New-delhi , Delhi , Krishnagiri , Andhra-pradesh , Ola-gigafactory , Mahendra-nath-pandey , Industries-krishan-pal-gurjar , Ministry-in-pragati-maidan

Ola Electric Granted Domestic Value Addition (DVA) Certificate under Government's PLI Scheme

The company will be eligible for incentives spanning five consecutive financial years, beginning from 2024

Tamil-nadu , India , Krishnagiri , Andhra-pradesh , Ola-gigafactory , Ministry-of-heavy-industrie , Automotive-research-association-of-india , Pragati-maidan , Ola-electric , Domestic-value-addition , Heavy-industrie , Account-of-harvest

Auto PLI Scheme Extended Till 2027-28

Auto PLI Scheme Extended Till 2027-28
menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.

India , New-delhi , Delhi , Bharat-mandapam , Mahendra-nath-pandey , Krishan-pal-gurjar , Ministry-of-heavy-industries , Automotive-technology , Heavy-industries , Financial-year , Production-linked-incentive , Auto-component-industry

Govt extends PLI for Auto sector by a year

The move follows markets regulator Sebi allowing the facility through the UPI app developed by the National Payment Corporation of India (NCPI).

Ministry-of-heavy-industries , Group-of-secretaries-ego , Heavy-industries , Production-linked-incentive , Auto-components , Empowered-group , Auto-component-industry , Official-gazette , Determined-sales-value , Pli-scheme , Uto-sales

PLI scheme for auto sector extended by a year

The Ministry of Heavy Industries on Monday announced the extension of the Production Linked Incentive (PLI) Scheme for Automobile and Auto Components by one year with 'partial amendments'.

This decision has been made after receiving the approval of the Empowered Group of Secretaries (EGoS).

'In pursuance of the approval of EGoS, the Ministry of Heavy Industries has made partial amendments in the Production Linked Incentive (PLI) Scheme for the Automobile and Auto Component Industry and Guidelines of the Scheme.

Ministry-of-heavy-industries-on , Ministry-of-heavy-industries , Group-of-secretaries-ego , Heavy-industries , Production-linked-incentive , Auto-components , Empowered-group , Auto-component-industry , Official-gazette , Determined-sales-value , Business-news

Ola Electric DRHP: Promoter's conflict of interest, mounting losses, soaring attrition among 7 things to watch out for

Ola Electric filed its Draft Red Herring Paper (DRHP) on December 22 and plans to raise Rs 7,250 crore via IPO.

India , Tamil-nadu , Krishnagiri , Andhra-pradesh , Lahori , Madhya-pradesh , Lahari , Uttaranchal , Harish-abhichandani , Ola-gigafactory , Krishnamurthy-venugopala-tenneti , Anshul-khandelwal