auto PLI

M&M, Tata Motors bag big PLI incentives; earn brownie points for their work in advanced auto tech

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M&M, Tata Motors bag big PLI incentives; earn brownie points for their work in advanced auto tech

The government has approved incentive payments totaling ₹246 crore to Mahindra & Mahindra (M&M) and Tata Motors under the Production Linked Incentive (PLI) scheme for the auto industry, news agency PTI reported on January 2. The scheme, worth ₹25,938 crore, aims to boost domestic manufacturing of advanced automotive technologies. Heavy Industries Minister H D Kumaraswamy … Read more

Govt forms panel to examine demands for inclusion of more components in Auto PLI: Minister

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Govt forms panel to examine demands for inclusion of more components in Auto PLI: Minister

The government has constituted a committee to examine the auto industry’s demand for including more components in the production-linked incentive scheme for automobile and auto components, Union Minister Mahendra Nath Pandey said. “A committee has been constituted to examine demands from stakeholders to include more (automotive) components in the scope of the PLI scheme as … Read more