Now the scheme will also cover Bharat Stage VI compliant flex fuel engines, advanced driver assist system, e-quadricyle and electronic control units (ECU) for safety.Before this move, government has included only two-wheelers and four-wheelers under PLI scheme.
Union Cabinet had approved the PLI scheme for automobiles with an outlay of Rs. 25,938 crore, in September 2021. This scheme aims to incentivise high-value advanced automotive technology vehicles and products like adaptive front-lighting, sunroofs, tyre pressure monitoring system, automatic braking, and collision warning systems, for auto industry. It also aims to boost manufacturing capability in the automobile sector, including hydrogen & electric fuel cell vehicles.
The incentive structure under the PLI Scheme aims to encourage industry for making fresh investments for the purpose of indigenous global supply chains of advanced automotive technology products.
