Heavy Industries Ministry notifies PLI scheme for auto sector
The Hindu
The scheme consists of two components — incentivising incremental sales of automobiles and auto components related to advanced automotive technology
The Heavy Industries Ministry on September 23 notified the ₹25,938 crore production-linked incentive (PLI) scheme for the auto sector, which is aimed at boosting domestic manufacturing of advanced automotive technology products and attracting investments in the manufacturing value chain.
Its prime objectives include overcoming cost disabilities, creating economies of scale and building a robust supply chain in areas of advanced automotive technology products.
The scheme consists of two components — incentivising incremental sales of automobiles and auto components related to advanced automotive technology.
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