मैगज़्टर गोल्ड के साथ असीमित हो जाओ
10,000 से अधिक पत्रिकाओं, समाचार पत्रों और प्रीमियम कहानियों तक असीमित पहुंच प्राप्त करें सिर्फ
कोशिश गोल्ड - मुक्त
M&M, Tata Motors ride EVs to become first to win auto PLI
Mint Hyderabad
|January 03, 2025
Govt okays ₹246 crore to be disbursed to the two firms—first since scheme was launched
Tata Motors Ltd and Mahindra and Mahindra Ltd (M&M) on Thursday became India's first automakers to secure production incentives for the automotive sector, marking a key moment for the scheme that had a tepid start.
The two companies have received approval for claims worth ₹246 crore under the Production-Linked Incentive (PLI) Auto scheme, the heavy industries ministry said.
Mahindra's Last Mile Mobility business won approval for incentives based on sales of its electric three-wheelers (e3Ws), while Tata Motors received the same for the Tiago EV electric car, Starbus EV electric bus and the electric cargo vehicle Ace EV.
"The total claims from these two applicants amount to approximately ₹246 crore, which have been examined and recommended by the Project Management Agency and subsequently approved by the Ministry of Heavy Industries," said a statement from the ministry.
यह कहानी Mint Hyderabad के January 03, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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