Ministry of Heavy Industries is implementing Production Linked Incentive (PLI) Scheme for Automobile and Auto Component Industry (PLI-Auto Scheme).

For PLI-Auto Scheme, FY 2024-25 is the first incentive disbursement year. The incentive slab under this scheme for Champion OEM and Component Champion is at Annexure-I.

There are 10 approved applicants with 12 manufacturing locations in the state of Gujarat under PLI-Auto Scheme of the Ministry of Heavy Industries. The details of the manufacturing locations are at Annexure-II. The tenure of PLI-Auto Scheme was extended by one year through Gazette Notifications no. SO 5486(E) & SO 5487(E) dated 29.12.2023. Therefore, FY 2024-25 is the first incentive disbursement year for PLI-Auto Scheme.

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

 

ANNEXURE-I

Table 1: Incentive Slabs for Champion OEM and New Non-Automotive (OEM) Investor Company

 

Determined Sales Value (in ₹ Crore)	Incentives (%age of Determined Sales Value)
<= 2,000	13%
> 2,000 to 3,000	14%
> 3,000 to 4,000	15%
> 4,000	16%
Cumulative Determined Sales Value of ₹10,000 Crores over 5 years.	Additional 2%

Table 2: Incentive slab for Component Champion and New Non-Automotive Component) Investor company

Determined Sales Value (in ₹ Crore)	Incentives (%age of Determined Sales Value)
<= 250	8%*
> 250 to 500	9%*
> 500 to 750	10%*
> 750	11%*
Cumulative Determined Sales Value of ₹1,250 Crores over 5 years.	Additional 2%
Battery Electric vehicles & Hydrogen fuel cell vehicles components.	Additional 5%

*Multiplied by a factor of 0.9 in the fifth year for eligible sales relating to Internal Combustion Engine (ICE) vehicle components.

ANNEXURE-II

 

	Name of the Applicant Company	Name of Manufacturing Location	City/ District
1	Aisin Automotive Haryana Private Ltd	Aisin Automotive Haryana Private Ltd	AHMEDABAD
2	Aisin Automotive Haryana Private Ltd	Aisin Automotive Haryana Private Ltd	AHMEDABAD
3	Asahi India Glass Ltd	Asahi India Glass Ltd	PATAN
4	Lumax Auto Technologies Limited	LumaxMannoh Allied Technologies Limited	SURENDRA NAGAR
5	Minda Corporation Limited	MindaInfac Private Limited	SURENDRA NAGAR
6	Mitsubishi Electric Automotive India Private Limited	Mitsubishi Electric Automotive India Private Limited	AHMEDABAD
7	Rockman Industries Limited	Rockman Industries Limited	VADODARA
8	Suzuki Motor Gujarat Private Limited	Suzuki Motor Gujarat Private Limited	AHMEDABAD
9	Tata Motors Limited	Tata Motors Passenger Vehicles Limited	AHMEDABAD
10	Tata Motors Limited	Tata Passenger Electric Mobility Limited	AHMEDABAD
11	Valeo India Private Limited	Valeo India Private Limited	AHMEDABAD
12	Yazaki India Private Limited	Yazaki India Private Limited	AHMEDABAD

 

 

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