Toyota Kirloskar Auto Parts on Friday said it is now eligible to avail incentives under the production-linked incentive scheme for advanced automotive technology (AAT) products. The company, a part of Toyota Group of companies, has received the domestic value addition (DVA) certificate for the xEV Transaxle (e-Drive) under the PLI scheme for AAT products, Toyota … Read more
Auto component maker Sona BLW Precision Forgings (Sona Comstar) on Thursday said the company has received certification under the auto Production Linked Incentive (PLI) scheme. The company had filed seven applications for different products under the PLI scheme, and it has received the certification for its first product, a hub wheel drive motor for electric … Read more
The Centre on Wednesday announced re-bidding under a PLI scheme for Advanced Chemistry Cells (ACC) to select bidders to set up mega battery manufacturing facilities of 10 GWh capacity with a budgetary outlay of Rs 3,620 crore. Documents for the global tender are available online from Wednesday. The bid due date is April 22, 2024 … Read more
The centre has extended the Production Linked Incentive (PLI) Scheme for Automobile and Auto Components by a year. A statement from the Ministry of Heavy Industries (MHI) said this decision has been made after receiving the approval of the Empowered Group of Secretaries (EGoS). These amendments aim to provide clarity and flexibility to the scheme. … Read more
Image used for representational purpose only. | Photo Credit: V.V. Krishnan As many as 746 applications have been approved till November 2023 under the Production Linked Incentive (PLI) schemes for 14 sectors such as pharma, white goods, and electronics, an official statement said on December 26. The schemes for 14 sectors were announced with an … Read more
