The Government approved the Production Linked Incentive (PLI) Scheme for Automobile and Auto Components Industry in India (PLI-Auto) on 15.09.2021 for enhancing India’s manufacturing capabilities for advanced automotive products including Electric Vehicles and their components, with a budgetary outlay of Rs. 25,938 crores.  As reported by the approved applicants under the Scheme, investment up to 31^st March, 2024 is Rs. 17,896 crores and incremental sales up is Rs. 3,370crores.  The tenure of PLI-Auto Scheme was extended by one year through Gazette Notifications no. SO 5486(E) and SO 5487(E) dated 29.12.2023. 

The application window under PLI Auto scheme was closed on 09.01.2022. As per the scheme guideline, there is no provision for another round of selection of firms. Further, two Standard Operating Procedures (SoPs) have been issued, namely, SoP for Domestic Value Addition (DVA) calculation on 27.04.2023 and SoP for Disbursement Claim Incentive on 25.07.2024 to expedite the process.

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

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MG/PD/SK