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Dozen firms set to exit auto PLI lane
Mint Bangalore
|December 23, 2024
For new investors for parts, such as Bhel, the scheme demanded investments of at least ₹350 crore by FY25
an outlay of about ₹26,000 crore across five years. "The lack of investments under the scheme may be due to a change in strategy or investment plans of the company," said Ashim Sharma, senior partner and business unit head at Nomura Research Institute (NRI) Consulting & Solutions, India. "Also, if a company needs to invest more for the requirements of the domestic market, it may not focus on exports as a share of the production in the scheme is mandated to be exported. Auto and auto components PLI have largely been successful, and if 10-12 companies out of the over 100 are left out, it's not a major sample size to be concerned about," Sharma added.
This story is from the December 23, 2024 edition of Mint Bangalore.
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