Tag: PLI Auto Scheme

Meeting the industry demand, government on Tuesday has decided to extend the deadline of production linked incentive (PLI) scheme for automobile and auto component, by another year to 2027-28.Post extension, the five-year scheme, originally in place from 2022-23 to 2026-27, will be active until 2027-28.Speaking at the ‘Review of PLI-Auto Scheme’ here, Mahendra Nath Pandey, Minister of Heavy Industries said that apart from extending the deadline, the government has also decided to agree with the industry stakeholders to disburse the incentives on a quarterly basis, instead of annual...