Prøve GULL - Gratis
EV startups may enter PLI Auto after nudge from PMO
Mint Mumbai
|January 12, 2026
Ather Energy, River Mobility and Euler Motors could benefit from the ₹25,938-crore scheme
Siam is set to take up the issue for discussion on 23 January in a meeting of its electric mobility group.
(BLOOMBERG)
The Union ministry of heavy industries (MHI) is considering including electric vehicle (EV) startups in its flagship production-linked incentive (PLI) scheme for automobile and auto component industry following a nudge from the Prime Minister's Office (PMO), three people aware of the matter said.
The mini of heavy industries, the nodal agency for the PLI scheme, has sought inputs from auto industry body Society of Indian Automobile Manufacturers (Siam) on including companies such as Ather Energy, River Mobility and Euler Motors in the ₹25,938-crore programme, which received the Union cabinet's approval in 2021. These companies either hadn't started operations when the scheme was being finalized or did not meet the PLI-Auto’s stiff revenue and net worth criteria.
Denne historien er fra January 12, 2026-utgaven av Mint Mumbai.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA Mint Mumbai
Mint Mumbai
DRONES TEST DUBAI REAL ESTATE RESILIENCE
The city-state’s realty market tore into 2026 on a four-year boom—until Iran’s drones and missiles iced it
8 mins
May 15, 2026
Mint Mumbai
JSW Steel raises capacity target sharply amid strong FY26 show
Sajjan Jindal-led JSW Steel plans to nearly double its capacity to about 80 million tonnes per annum (mtpa) by 2031 through aggressive brownfield expansion and joint ventures, positioning India’s largest steelmaker among the world’s biggest producers.
2 mins
May 15, 2026
Mint Mumbai
Air India’s FY26 loss nears $3 billion amid headwinds
Air India posted an estimated loss of nearly $3 billion in FY26, as foreign exchange losses, airspace disruptions and elevated fuel costs battered the Tata Group-owned airline during the year.
3 mins
May 15, 2026
Mint Mumbai
Bond yield surge dents PSU banks’ non-core income
Rising government bond yields hit banks’ treasury income in the March quarter (Q4FY26), dragging down non-core earnings, especially at public sector lenders. Analysts now expect the pressure to intensify in the June quarter after an oil-driven spike in bond yields following the West Asia conflict.
3 mins
May 15, 2026
Mint Mumbai
FMCG firms begin hiking prices as war hits input costs
Consumer goods makers are raising prices and bracing for weaker demand as commodity inflation spreads across fuel, packaging and food inputs.
3 mins
May 15, 2026
Mint Mumbai
Oil calm as Trump, Xi meet amid strife
Fresh attacks on vessels in Gulf underscore fragility of ceasefire
3 mins
May 15, 2026
Mint Mumbai
Big tech’s fat profits conceal unsettling cashflows
A chart is haunting Silicon Valley. The profits of big cloud-computing firms (Amazon, Google, Meta, Microsoft and Oracle) are rising inexorably. Yet the amount of cashflow they generate after capital spending is falling. Sketched together, these soaring profits and diving free cashflows, which until recently rose in unison, resemble the gasps of the world’s investors.
4 mins
May 15, 2026
Mint Mumbai
Cement firms turn defensive as war shock spikes costs
Cement makers are responding with fuel substitution, long-term sourcing contracts
3 mins
May 15, 2026
Mint Mumbai
Tata Motors PV revenue dips
The firm posted its first annual revenue decline in five years and a FY26 operating loss, hurt by JLR headwinds
3 mins
May 15, 2026
Mint Mumbai
ASK launches ₹2,500-cr 2nd pvt credit fund
ASK Alternates, part of the Blackstone-backed ASK Asset & Wealth Management Group, launched its second private credit fund with a target corpus of ₹2,500 crore, including a ₹1,500 crore green-shoe option, a top executive at the company said.
1 min
May 15, 2026
Listen
Translate
Change font size