PLI SCHEME FOR AUTOMOBILE AND AUTO COMPONENT INDUSTRY WITH ₹25,938 Crore

New Delhi: Production Linked Incentive (PLI) Scheme for Automobile and Auto Component Industry (PLI-Auto Scheme) has an outlay of ₹25,938 crore. During FY 2024- 25, Incentive claims of ₹322.12 crore have been received from 4 (four) applicants. Till 28.02.2025, ₹246.21 crore have been disbursed to 2(two) applicants.

Incentive under PLI-Auto scheme is applicable on determined sales value defined as the incremental eligible salesof a particular year over base year (i.e. FY 2019-20).There is no target for increment sales as of February, 2025. Till 31.12.2024, cumulative determined sales of electric vehicles is ₹14,657 crore under the PLI-Auto scheme.

This information was given by the Minister of State for Steel and Heavy Industries, Shri Bhupathiraju Srinivasa Varma in a written reply in the Rajya Sabha.