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Auto PLI Disbursals Take the Slow Track for a Second Year
Mint Kolkata
|February 28, 2025
Ability to meet PLI targets, as the basis here is incremental sales," said Rai. "A key flaw in the scheme is its restrictive qualification norms, limiting participation to certain companies. This exclusion, combined with policy uncertainties, slows sales growth and delays PLI compliance," he said.
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As per the Outcome Budget, the target for disbursals in FY26 is ₹336.77 crore. In FY25, the Centre had allocated ₹3,500 crore for the scheme, out of which it aimed to disburse ₹3,150 crore as incentives. Revised estimates showed that it spent only ₹346 crore on the scheme overall.
Tata Motors Ltd and Mahindra & Mahindra Ltd have received ₹246 crore in incentives, while Ola Electric has received about ₹120 crore.
Tata Motors and Mahindra & Mahindra declined to comment.
Esta historia es de la edición February 28, 2025 de Mint Kolkata.
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