Ministry of Heavy Industries
azadi ka amrit mahotsav

MANUFACTURING OF ZETs

Posted On: 10 DEC 2024 4:31PM by PIB Delhi

The Ministry of Heavy Industries notified the PM E-DRIVE scheme on 29th September, 2024, with a budgetary outlay of 10,900 crore, out of which 500 crores have been allocated in the form of demand incentives for e-trucks and other emerging EVs.

The Production Linked Incentive (PLI) Scheme for Automobile and Auto Components Industry in India notified by the Government on 23rd September, 2021 for enhancing India's manufacturing capabilities for Advanced Automotive Technology (AAT) products (including e-Trucks) with a budgetary outlay of ₹25,938 crore proposes financial incentives to boost domestic manufacturing of AAT products with minimum 50% Domestic Value Addition (DVA) and attract investments in the automotive manufacturing value chain.

The Ministry of Heavy Industries notified the PM E-DRIVE scheme on 29th September, 2024 with a budgetary outlay of 10,900 crore.  The scheme envisages support of 2,000 crore for setting up of adequate public charging infrastructure for various categories of electric vehicles.

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

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