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PLI scheme for auto industry - Outlay fixed at about Rs 26K Crore

By TIOL News Service

NEW DELHI, APR 01, 2025: PRODUCTION Linked Incentive (PLI) Scheme for Automobile and Auto Component Industry (PLI-AutoScheme) has an outlay of Rs 25,938 crore. During FY 2024-25, Four (4) applicants submitted incentive claims &Rs 322.01 crore have been disbursed to these 4 applicants. Fast chargers for e-buses and other EVs are not an approved Advanced Automotive Technology (AAT) Productas per the list of AAT Products notified by the Ministry on 09.11.2021.

Incentive under PLI-Auto scheme is applicable on determined sales value defined as the incremental eligible salesof a particular year over base year (i.e. FY 2019-20).There is no target for increment sales as of February, 2025.  Till 31 st December, 2024, cumulative determined sales is Rs 15,230 crore under the PLI-Auto scheme.

This information was given by the Minister of State for Steel and Heavy Industries, Bhupathiraju Srinivasa Varma in a written reply in the Lok Sabha today.


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