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We list all the approved beneficiaries for India's PLI Scheme for Automobile and Auto Component Industry and explain how the scheme will be implemented.
On 15th Dec 2021, the government of India had announced a new incentive scheme worth Rs.76,000 crore INR (nearly $10.2 billion) in a bid to boost the...
Tata Motors, Suzuki, Hyundai, Ford, Ashok Leyland, Kia, and Bajaj Auto are among 20 companies approved for Production Linked Incentive (PLI) scheme for the automobile sector, the Ministry of Heavy Industries said on Friday.
Karnataka tries to plug back into its EV mission An electric vehicle charging sign at a charging station at the Asda supermarket in Skelton, Redcar and Cleveland, U.K, on Monday, Dec. 14, 2020. U.K. Prime Minister Boris Johnson banned sales of new internal combustion engine automobiles from 2030. Photographer: Ian Forsyth/Bloomberg (Bloomberg) Ola was in talks with Karnataka as well but Tamil Nadu, people aware of the developments said, had offered a 'better deal' The Karnataka government on Monday approved three big-ticket EV projects by relatively unknown firms, totalling ₹22,419 crore ...