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Auto sector PLI scheme attracts ₹25,219 cr investment, creates 38,186 jobs: Govt
The Statesman Bhubaneswar
|March 28, 2025
The Production Linked Incentive (PLI) scheme for automobile and auto components has attracted Rs 25,219 crore in investment and created 38,186 jobs as of December 2024, said the Ministry of Heavy Industries.
It further said that the incremental sales of Rs 15,230 crore were reported over the base year of FY 2019-20.
Further, the Centre has disbursed incentives worth Rs 322 crore under PLI for automobile and auto components for FY24.
The disbursements were made to Tata Motors, Mahindra & Mahindra, Ola Electric Technologies and Toyota Kirloskar Auto Parts.
"PLI-Auto Scheme envisages to overcome the cost disabilities to the industry for manufacturing and boost domestic manufacturing of Advanced Automotive Technology (AAT) products in India," the government said in a statement.
This story is from the March 28, 2025 edition of The Statesman Bhubaneswar.
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