PLI Scheme for Automobile and Auto Component | Investment of Rs. 74,850 Crore
- News|Blog|GST & Customs|
- < 1 minute
- By Chetan Kulasri
- |
- Last Updated on 13 February, 2026
Latest from Taxmann
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.
Click Here To Read The Full News
Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.
CA | CS | CMA
