News Update

Two militants killed in gun battles in KashmirMega inferno in cooking oil factory near Jakarta; 9 burnt to deathJapan reports hottest October since 1898CBIC drive: 83 lakh smuggled cigarettes destroyed by Vijayawada; 49 lakhs sticks by Delhi CustomsGreece PM chats with PM Modi; proposes to open up two new consulates in IndiaGovt releases Guidelines for Central Sector Scheme 'NAMO DRONE DIDI'25 hurt as Telangana SRTC bangs into private busOverall Coal Production in Oct month touches 84.45 Million TonneApple to pump in USD 1.5 bn in Globalstar to ratchet up satellite coverageIndian scientists explore limits of quantum theory for arbitrarily massive objectsGST mop-up grows to Rs 1.87 lakh crore in Oct monthGST - Without providing an opportunity of personal hearing, respondent has passed the impugned assessment order - Same is quashed and set aside - Matter remanded for fresh consideration on condition that petitioner pays 10% of disputed tax amount: HCMP Govt reports death of 10 elephants in 3 days; Samples to be examinedGST - Appeal preferred in March 2023 - During pendency of petition seeking expeditious disposal, hearing granted but petitioner did not remain present - Petitioner does not want any hearing - Respondent to pass appropriate order: HC3-yr-old boy Anish Sarkar from Bengal becomes youngest-ever FIDE-rated chess playerGST - Summary of Show Cause Notice in Form GST DRC-01 cannot substitute requirement for proper Show Cause Notice as mandated by Section 73(1): HCUS goes for massive deployments of B-52 bombers & destroyers in West AsiaKVAT - Refund application can be rejected only where requisite documents in support of the application & for considering the same, could not be obtained: HCMauritius plugs social media till polls are overGST - Pre-deposit amount can partially be paid through Electronic Credit Ledger: HCDelhi records warmest October since 1951I-T- Re-assessment cannot be resorted to, where no failure to make full & true disclosure of material facts necessary for assessment is attributed to assessee: ITATBotswana voters eject party ruling for 60 yrsI-T- While calculating income, net income should be considered as taxable income after reducing the expenditure incurred towards earning of such income: ITAT
 
ICAT, Manesar awards First PLI- Automotive Certificate to OLA Electric

By TIOL News Service

NEW DELHI, MAR 05, 2024: INTERNATIONAL Centre for Automotive Technology (ICAT), Manesar, one of the divisions of National Automotive Board (NAB) - under Ministry of Heavy Industries (MHI), Govt. of India has awarded its first PLI – Automotive Certificate to M/s. Ola Electric Technologies Pvt. Ltd. under the Production Linked Incentive (PLI) Scheme of MHI for Automobiles and Auto Components.

The certificate was handed over by Dr. Hanif Qureshi, Additional Secretary - MHI to Dr. S.J. Dhinagar, Head of Engineering & Sr. VP- Ola Electric, in the presence of Saurabh Dalela, Director-ICAT & senior officials from MHI, ICAT and M/s. Ola Electric.

M/s. Ola Electric's Battery Electric Vehicle - 2W [Ola S1 Pro (Gen2)] met the criteria of DVA of 50% (min.) for the Automotive PLI certificate, demonstrating their commitment to the indigenization of advanced automotive technology products.

They have received this certificate from ICAT showcasing their dedication to the ''Make in Bharat' Abhiyan and strengthening the domestic production ecosystem.

Under the leadership of Prime Minister Narendra Modi, the Government introduced the National Electric Mobility Mission Plan (NEMMP) 2020 to realize the goal of Green Mobility. This plan sets out the goals and time frame for the nation to manufacture and adopt Electric Vehicles.

With the vision of Aatma Nirbhar Bharat and to make India as a self-reliant nation, MHI, under the leadership of Dr. Mahendra Nath Pandey, Union Minister of Heavy Industries had launched the PLI Scheme for Automobile and Auto Component Industry in 2021 with a budgetary outlay of Rs. 25,938 crore. This revolutionary Scheme aims to boost local production of Advanced Automotive Technology (AAT) products and attract investments in the automotive manufacturing value chain.

The SOP issued by MHI in April 2023, facilitated a smooth application process with necessary formats to be uploaded through the portal of Ministry of Heavy Industries by eligible applicants, including Champion OEMs (Original Equipment Manufacturers) and Component Champions.

This milestone achievement depicts the progress being made in the Indian automotive industry towards localized production of advanced automotive technology products and incentivizing investments in the automotive sector.

ICAT is in process of evaluation & assessment of PLI-Auto applications of other applicants. Very soon these companies will also receive PLI-Auto Certificates from ICAT, Manesar.

About ICAT, Manesar:

International Centre for Automotive Technology (ICAT) was established in year 2006. It is one of the divisions of National Automotive Board (NAB), under Ministry of Heavy Industries, Govt. of India. ICAT has been notified by Ministry of Road Transport & Highways (MoRTH) in Rule 126 of Central Motor Vehicle Rules (CMVR) for Testing & Certification of Automobiles and their Safety Critical Components. Also, ICAT has been authorized by MHI for PLI-Auto Certification of AAT Products and FAME Certification. ICAT is one of the pioneer Testing Agency for providing quality services in the domain of Automotive Certification, Homologation, Design, Validation, R&D, PLI-Auto Certification, FAME Certification etc.


POST YOUR COMMENTS
   

TIOL Tube Latest

Conferment of TIOL Awards 2024. The event was held on October 1, 2024 at Taj Palace, New Delhi



Technical Session I - Ease of Doing Business: GST on Digital Economy