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 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
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
