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Information Technology Central Ministry of Electronics and Information of Technology Information Technology Act, 2000

Production Linked Incentive Scheme (PLI) for Automobile and Auto Components Industry

23-Sep-2021 | S.O. 3946(E)

Ministry of Electronics and Information Technology has issued a Production Linked Incentive Scheme (PLI) for the Automobile and Auto Components Industry to boost advanced Automotive Technology products and attract large investments in automotive manufacturing value chain. Under this production-linked incentive scheme, an incentive on sales of goods manufactured in India is provided. The base year for the purpose of this scheme will be 2019-20. Incentives under the Scheme will be applicable, starting from the Financial Year 2022-23 which will be disbursed in the following Financial Year i.e. 2023-24, and so on for a total of 5 consecutive Financial Years. The Target Segment under this scheme is Automotive OEM (Original equipment manufacturer) company or its Group companies and new Non-Automotive Investor company or its Group company(ies).

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