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The Union government added more than 100 advanced technologies, including alternate fuel systems like compressed natural gas (CNG) & Liquified natural gas (LNG) under the production-linked incentive (PLI) scheme for automobiles.
What is PLI Scheme for automobiles?
Union Cabinet had approved the PLI scheme for automobiles with an outlay of Rs 25,938 crore, in September 2021. This scheme aims to incentivise high-value advanced automotive technology vehicles and products like adaptive frontlighting, sunroofs, tyre pressure monitoring system, automatic braking, and collision warning systems, for auto industry. It also aims to boost manufacturing capability in the automobile sector, including hydrogen & electric fuel cell vehicles.
Aim of the incentive under PLI Scheme
The incentive structure under the PLI Scheme aims to encourage industry for making fresh investments for the purpose of indigenous global supply chains of advanced automotive technology products.
By: Brijesh Kumar ProfileResourcesReport error
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