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PLI scheme

Economic Survey 2024: PLI scheme for auto sector sees investment proposals worth Rs 67,690 crore

by Adesola Mojo
Economic Survey 2024: PLI scheme for auto sector sees investment proposals worth Rs 67,690 crore

NEW DELHI: The production linked incentive scheme (PLI) for automobile and auto components has so far attracted a proposed investment of Rs 67,690 crore, said Economic Survey 2023-24 tabled in …

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Categories Automobile

Tyre stocks: Global tyre makers accelerate make-in-India plans, buoyed by govt’s PLI scheme

by Adesola Mojo
Tyre stocks: Global tyre makers accelerate make-in-India plans, buoyed by govt’s PLI scheme

Global tyre manufacturers including the likes of Michelin, Bridgestone, and Goodyear are gearing up to invest in India’s manufacturing sector, with potential entrants Yokohama and Birla Tyre also eyeing opportunities …

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Categories Automobile

Panel to examine auto cos’ requests for quarterly incentives, more components under PLI: Official

by Adesola Mojo
Panel to examine auto cos’ requests for quarterly incentives, more components under PLI: Official

New Delhi, A government-formed panel will examine requests from auto manufacturers seeking quarterly incentive payouts and inclusion of more components under the production-linked incentive scheme, according to an official on …

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Categories Automobile

Govt invites bids for setting up ACC units under PLI scheme for battery storage

by Adesola Mojo
Govt invites bids for setting up ACC units under PLI scheme for battery storage

The Centre on Wednesday announced re-bidding under a PLI scheme for Advanced Chemistry Cells (ACC) to select bidders to set up mega battery manufacturing facilities of 10 GWh capacity with …

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Categories Automobile

Auto PLI scheme: Govt extends tenure of PLI scheme for Auto industry by a year with partial amendments

by Adesola Mojo
Auto PLI scheme: Govt extends tenure of PLI scheme for Auto industry by a year with partial amendments

The Ministry ofHeavy Industries on Monday issued a Gazette notification to extend the tenure of Production Linked Incentive (PLI) Scheme for Automobile and Auto Components by one year with partial …

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Categories Automobile

PLI scheme: Centre extends auto PLI by a year

by Adesola Mojo
PLI scheme: Centre extends auto PLI by a year

The centre has extended the Production Linked Incentive (PLI) Scheme for Automobile and Auto Components by a year. A statement from the Ministry of Heavy Industries (MHI) said this decision …

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Categories Automobile

Self-reliant India for automotive electronics needs us to become ‘Vocal for Local’: Govt

by Adesola Mojo
Self-reliant India for automotive electronics needs us to become ‘Vocal for Local’: Govt

In a bid to advance the vision of a self-reliant India (Atmanirbhar Bharat), the Ministry of Heavy Industries (HMI) held a discussion on the topic “From Local to Global India …

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Categories Automobile

Non-Semiconductor Sectors: Electronics industry body seeks PLI scheme for non-semiconductor sectors

by Adesola Mojo
Non-Semiconductor Sectors: Electronics industry body seeks PLI scheme for non-semiconductor sectors

New Delhi – Electronics industry body ELCINA has requested the government to come up with a production-linked incentive scheme for the non-semiconductor or computer chips sector which is dominated by …

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Categories Automobile

HP, Dell Among 32 Top Companies To Manufacture Laptops In India: IT Min Ashwini Vaishnaw

by Ev Richard
HP, Dell Among 32 Top Companies To Manufacture Laptops In India: IT Min Ashwini Vaishnaw

Home News HP, Dell Among 32 Top Companies To Manufacture Laptops In India: IT Min Ashwini Vaishnaw Ashwini Vaibhaw revealed that 32 top companies, including HP India, Dell, Acer, Lenovo, …

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Categories Technology

Auto companies in India witness significant increase in local value addition through the Production Linked Incentive (PLI) scheme.

by Adesola Mojo
Auto companies in India witness significant increase in local value addition through the Production Linked Incentive (PLI) scheme.

Mumbai: Automakers that have qualified for the ₹25,938 crore production-linked incentive (PLI) scheme for the sector have raised concerns about the calculation of local value addition. These concerns are causing …

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Categories Automobile
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