AUTOMOTIVE: Auto PLI scheme drives Rs 20,715 Cr investment, boosts sales by Rs 10,472 Cr

With ongoing support for EVs and battery storage, India is set to lead in automotive technology.

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India's auto sector continues to thrive under the ProductionLinked Incentive (PLI) scheme, with investments totalling Rs 20,715 crore and incremental sales of Rs 10,472 crore as of September 2024. The scheme is designed to boost India's manufacturing capabilities in advanced automotive technology (AAT). It has been a game-changer, attracting 82 applications from 115 received.