ENA Sectors 2026-01-01 16:33:28 <p><span style="font-size:14px"><strong>New Delhi, Jan 1 (KNN)</strong> The government released a total of Rs 1,999.94 crore in fiscal 2024-25 to five approved applicants under the Production Linked Incentive (PLI) Scheme for the Automobile and Auto Components sector, Ministry of Heavy Industries said in a release.</span></p> <p><span style="font-size:14px">The scheme is aimed at strengthening Indias manufacturing ecosystem in Advanced Automotive Technology products.</span></p> <p><span style="font-size:14px">The scheme has a total budgetary outlay of Rs 25,938 crore and covers a five-year performance period from FY 2023 24 to FY 2027 28.</span></p> <p><strong><span style="font-size:14px">Incentives Linked to Electric Vehicle Production</span></strong></p> <p><span style="font-size:14px">Under the PLI Auto Scheme, incentives have been extended for the production and sale of over 13.61 lakh electric vehicles across categories. This includes 10.42 lakh electric two-wheelers, 2.38 lakh electric three-wheelers, 79,540 electric four-wheelers and 1,391 electric buses.</span></p> <p><span style="font-size:14px">The scheme incentivises only those products that achieve a minimum Domestic Value Addition (DVA) of 50 per cent, in line with the governments emphasis on localisation and self-reliance in manufacturing.</span></p> <p><strong><span style="font-size:14px">Domestic Value Addition Certification</span></strong></p> <p><span style="font-size:14px">As of now, eight applicants under the Champion Original Equipment Manufacturer (OEM) category have received DVA certification for 94 vehicle variants. These include electric models from companies such as Tata Motors, Mahindra &amp; Mahindra, Bajaj Auto, TVS Motor Company, Ola Electric, Eicher Motors, Pinnacle Mobility Solutions and Hero MotoCorp.</span></p> <p><span style="font-size:14px">In the Component Champion category, 10 applicants have secured DVA certification for 37 component variants, covering key systems such as traction motors, trans-axles, engine management systems, dual clutch transmissions and EV charging components.</span></p> <p><strong><span style="font-size:14px">Investment, Sales and Employment Impact</span></strong></p> <p><span style="font-size:14px">The scheme has recorded cumulative investments of Rs 35,657 crore and cumulative determined sales of Rs 32,879 crore as of September 30, 2025. Employment generation under the scheme stands at 48,974 jobs so far.</span></p> <p><span style="font-size:14px">Cumulative incentive disbursement under the PLI Auto Scheme has reached Rs 2,321.94 crore as of December 31, 2025.</span></p> <p><strong><span style="font-size:14px">Incentive Distribution Among Companies</span></strong></p> <p><span style="font-size:14px">Major beneficiaries of the scheme include Tata Motors, Bajaj Auto, Mahindra &amp; Mahindra, TVS Motor Company and Ola Electric in the OEM category, along with Toyota Kirloskar Auto Parts in the component segment. Incentive payouts vary based on performance and eligible sales achieved during the respective years.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span><br /> </p> 44623 https://knnindia.co.in/news/newsdetails/sectors/pli-auto-scheme-rs-199994-cr-incentives-released-in-fy25-for-ev-manufacturing 2026-01-01 16:33:28 knnindia.co.in