The Production Linked Incentive (PLI) Scheme for Automobile and Auto components
Union Cabinet approved the PLI-Auto Scheme on 15.09.2021 with budgetary outlay of Rupee 25,938 crore for a period of 5 years (FY2022-23 to FY2026-27). The PLI-AUTO Scheme will boost manufacturing of Advanced Automotive Technology (AAT) Products. This scheme will also help to facilitate and promote deep localization for AAT products and enable creation of domestic as well as global supply chain.
The Scheme is focused on Zero Emission Vehicles (ZEVs) i.e. Battery Electric Vehicle and Hydrogen Fuel Cell Vehicle. The incentive under the scheme is applicable from FY 2022-23 to FY 2026-27 (5 years’ period) and the disbursement is applicable in the subsequent financial year i.e. from FY 2023-24 to FY 2027-28.
