The Ministry of Heavy Industries is overseeing the Rs 25,938 crore Production Linked Incentive (PLI) scheme for Automobile and Auto Compone...

The Ministry of Heavy Industries has extended the Production Linked Incentive (PLI) Scheme for Automobile and Auto Components by one year w...

Applicants under scheme had proposed investment of Rs 67,690 crore, of which Rs.10,755 crore has been invested till June-end this year, an ...

New Delhi, Apr 27 (PTI) The Union government on Thursday announced the standard operating procedure of the production linked incentive sche...

“A draft SOP has been prepared in consultation with the players that were shortlisted,” a senior government official told ET. “Issues regar...

However, the ministry of heavy industries, which is implementing the PLI scheme for the automotive industry, has asked the applicants to de...

A total of 115 companies had filed their application under the PLI scheme. The scheme and its guidelines were notified on September 23, 202...

The road transport ministry is examining the incidents. An independent investigation is underway. I am sure there will be corrective measur...

Sundram Fasteners has projected an investment of over Rs 350 Crores for manufacturing Advanced Automotive Technology (AAT) components like ...

"The Ministry of Heavy Industries (MHA) vide its letter dated March 22, 2022 has approved the application submitted by the Company under Co...

The scheme has been successful in attracting proposed investment of Rs 74,850 crore against the target estimate of investment Rs 42,500 cro...

After receiving over Rs 45000 crore commitment from the vehicle makers and additional Rs 17,500 to Rs 20,000 crore minimum investment has b...

"The Scheme has been a huge success in terms of overwhelming response received with a proposed investment of Rs 45,016 crore from approved ...

The PLI scheme for the automobile sector proposes financial incentives of up to 18% to boost domestic manufacturing of advanced automotive ...

The scheme for the sector was approved with a budgetary outlay of Rs 25,938 crore. It aims at boosting domestic manufacturing of these prod...

The scheme can be successful only if industry leaders understand its context and intent with an open mind.

Sources indicated that large auto players such as Hyundai, Tata Motors, Maruti Suzuki have already started studying their production plan k...