Centre Extends PLI Scheme for Auto Sector

On 1st January, 2024, the Ministry of Heavy Industries issued a Gazette Notification to announce the extension of the tenure of the Production Linked Incentive (PLI) Scheme for Automobile and Auto Components by one year.

  • In this regard, the Ministry of Heavy Industries has made partial amendments in the Production Linked Incentive (PLI) Scheme for the Automobile and Auto Component Industry and Guidelines of the Scheme.

Amendments Made

  • Under the amended scheme, the incentive will be applicable for a total of five consecutive financial years, starting from the financial year 2023-24.
  • The disbursement of the incentive will take place in the ....
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