December 19, 2024 4:38 PM

Auto PLI achieves ₹20,715 crore investment, ₹10,472 crore incremental sales: Centre

The Production Linked Incentive (PLI) scheme for the automobile and auto components industry, initiated in 2021, has achieved investments worth ₹20,715 crore and incremental sales of ₹10,472 crore by September, the Ministry of Heavy Industries said. Covering FY 2023-24 to FY 2027-28, the scheme targets advanced automotive technologies with incentives of 13-18% for EV and hydrogen fuel cell components and 8-13% for other technologies. The initiative expects ₹42,500 crore in investments and...