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Eight more cos to get incentives under auto PLI
Business Standard
|January 01, 2026
Three vehicle makers, five auto part makers to get benefits from FY27
Three additional vehicle makers and five more auto component makers will begin availing financial incentives under the production-linked incentive (PLI) scheme for the automobile sector from 2026-27 (FY27) onwards, Hanif Qureshi, additional secretary at the Ministry of Heavy Industries (MHI), said on Wednesday.
This will take the total number of companies receiving incentives under the scheme from the current 10 to 18 by the end of FY27.
The auto PLI scheme was approved by the Union Cabinet on September 15, 2021, with a total outlay of ₹25,938 crore over five years. Under the scheme, 115 companies applied, of which 82, including vehicle makers and auto component makers, were approved.
This story is from the January 01, 2026 edition of Business Standard.
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