Indian government to launch PLI scheme soon, plans to allocate USD7.7 billion to auto sector

Policy & Regulation

The Indian government has also set an ambitious target for country’s auto component industry to double its annual exports from current USD30billion over the next five years

The Indian government, which has been pushing for increased localization of automotive parts and reduced import dependency for the industry, is in the final stages of announcing a big-ticket production-linked incentive or PLI scheme, The Economic Times reported on 27 August, citing a cabinet minister.

Thank you for visiting IHS Markit AutoTechInsight.

*A subscription to News & Analysis includes four IHS Markit-selected sector-specific analytical pieces per month. Access to all analytic pieces across all domains comes with a subscription to All Services. Please click here to subscribe.

For a free daily listing of headlines with limited access please sign up here.

To get access to the AutoTechInsight full suite of services, please contact a sales representative by clicking here.

Already a subscriber? Please log in here

preload preload preload preload preload