PLI Scheme for Automobile and Auto Component | Investment of Rs. 74,850 Crore

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  • Last Updated on 16 March, 2022

PLI Scheme for Automobile and Auto Component; Product Linked Incentive; PLI Scheme; Automotive; Auto Components

Press Release dated March 15th, 2022

The Government approved the Production Linked Incentive (PLI) Scheme for Automobile and Auto Component Industry in India for enhancing India’s Manufacturing Capabilities for Advanced Automotive Products.

The PLI Scheme for Automobile and Auto Component Industry in India has been successful in attracting proposed investment of Rs. 74,850 crore against the target estimate of investment Rs. 42,500 crore over a period of five years. The proposed investment of Rs. 45,016 crore is from approved applicants under Champion OEM Incentive Scheme and Rs. 29,834 crore from approved applicants under Component Champion Incentive Scheme.

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