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Kia India needs to invest ₹1.4K cr in FY26 to get PLI incentives
Financial Express Lucknow
|March 29, 2025
KIA INDIA WILL need to invest ₹1,400 crore in FY26 to secure incentives under the ₹25,938-crore production-linked incentive (PLI-Auto) scheme for the automobile and auto components sector.
The ministry of heavy industries is considering granting Kia India a one-year extension to make the required investment and meet its stipulated sales target. However, failure to comply will result in its exclusion from the scheme, a senior official told FE.
"The company did not meet the required investment target in FY24 and FY25. If it fails again in FY26, it will be barred from the scheme," the official said.
Even if Kia India makes the investment, it is expected to lag behind competitors like Tata Motors and Mahindra & Mahindra, which collectively secured approximately ₹246 crore in incentives in FY25.
This story is from the March 29, 2025 edition of Financial Express Lucknow.
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