115 Companies Apply for PLI Scheme in Auto Component Sector

The Govt. of India notified the Production Linked Incentive (PLI) Scheme for Automobile and Auto Component sector on 23^rd September 2021, and was open for receiving applications till 9^th January 2022. A total 115 companies have filed applications seeking benefits under this PLI scheme.

Budget allotted for auto components sector under PLI scheme is ₹ 25,938 Crore.

The scheme is applicable on advanced automotive technology components of vehicles, completely knocked down (CKD)/semi- knocked down (SKD) kits*, vehicle components of two-wheelers, three-wheelers, passenger vehicles, commercial vehicles and tractors.

*A knock-down kit is a collection of parts required to assemble a product.