Indian government clears USD3.54 billion production-linked incentive scheme for auto industry

Policy & Regulation

The Indian government estimates new PLI scheme for auto industry will drive new investments of over USD5.78 billion over next five years

Indian government has on 15 September approved a production-linked incentive (PLI) scheme with an outlay of about USD3.54 billion (INR 260 billion) to encourage domestic manufacturing capabilities of the automobile industry with a focus on futuristic technologies involving electric and hydrogen fuel cell vehicles.

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