Automobiles and Auto Components
PLI scheme for Automobile and Auto Components Industry in India will enhance India’s Manufacturing Capabilities for Advanced Automotive Products
Eligibility
For new non-automotive investor company or its Group company(ies)
| Eligibility Criteria | New Non-Automotive investor company or its Group company(ies) (who are currently not in automobile or auto component manufacturing business) |
|---|---|
| Global net worth | ₹ 1000 crore based on audited financial statements for year ending March 31, 2021 |
| Committed investment in India over five year period | As per Minimum New Domestic Investment Conditions Global Investment of Company or its Group* Company(ies) in fixed assets (gross block) of ₹150 crore. |
For company or its Group company(ies) with existing presence in India or globally
| Eligibility Criteria | Auto OEM | Auto Component |
|---|---|---|
| Global group* Revenue (from automotive and/or auto component manufacturing) | Minimum ₹ 10,000 crore. | Minimum ₹ 500 crore. |
| Investment | Global Investment of Company or its Group* Company(ies) in fixed assets (gross block) of ₹ 3,000 crore. | Global Investment of Company or its Group* Company(ies) in fixed assets (gross block) of ₹150 crore. |
Features
~₹ 25,938 crore. for 5 years, The period of five (05) years will commence from FY 2022-23 (PLI to be released in FY 2023-24). Base Year 2019-20 will be considered for calculating sales value
Ministry of Heavy Industries (MHI)
Scheme is a ‘sales value linked’ scheme, applicable on Battery Electric Vehicles and Hydrogen Fuel Cell Vehicles of all segments – 2 wheelers, 3 wheelers, passenger vehicles, commercial vehicles, Tractors, Automobile meant for Military use and any other Advanced Automotive Technology
Scheme is a ‘sales value linked’ scheme, applicable on preapproved Advanced Automotive Technology components of all vehicles, CKD/SKD kits, Vehicle aggregates of 2-Wheelers, 3-Wheelers, passenger vehicles, commercial vehicles and tractors including automobile meant for military use and any other Advanced Automotive Technology
Sources:
1. https://heavyindustries.gov.in/UserView/index?mid=2482, Ministry of Heavy Industries
